RET14 Tax Law

• Topics

  The course concerns income and wealth tax law, hereunder the basic rules and principles according to which income tax liabilities arises, timing of income, corresponding issues concerning deductibility and wealth tax liability.

  The following topics will be covered:

  • The concept of tax, taxable persons, tax objects, the purpose of taxation and the calculation basis for income tax
  • Treatment of the different income types: income derived from labour, capital and business activity
  • Stipulation of gross income and deductions within and outside an enterprise
  • Wealth tax
  • Brief presentation of the taxation of Norwegian taxable persons’ income and assets abroad and foreign taxable persons’ income and assets in Norway under Norwegian domestic law
  • Taxation of companies and partners in partnerships, with particular emphasis on limited liability companies and shareholders
  • Calculation of personal income in sole proprietorships

• Learning outcome

  Knowledge

  • Fundamental understanding of basic concepts and principles relating to income and wealth taxation, and the legal methodology applied to the stipulation of taxable income and wealth for labour, capital, company and wealth taxation purposes.

  Skills

  • Capable of calculating taxable income and wealth for physical and legal persons, more precisely capable of
    • calculating taxable income for physical persons as regards capital income, income from employment, and gains,
    • calculating taxable wealth for physical persons,
    • determining whether wealth or income is taxable in Norway under Norwegian tax law (knowledge of tax treaties is not required),
    • calculating taxable income (general and personal income) from activities in a sole proprietorship,
    • calculating taxable income for limited liability companies, including taxable income from the company and assets in the company for shareholders.

  General competence

  • Capable of identifying and taking a stance on tax law issues, keeping up to date about tax law topics and communicating knowledge in the field to others.

• Teaching

  • Plenary lectures
  • Practical assignments
  • Assignments for submission

• Credit reduction due to overlap

  RET14 is equivalent to RET014 and cannot be combined with RET014.

• Compulsory Activity

  Students must submit two assignments that are assessed as approved/not approved.

  Note: Compulsory course activities may take place before the formal registration deadline.

• Assessment

  4 hours individual written digital school exam. Lovdata Pro will be available to students during the exam.

• Grading Scale

  A-F

• Computer tools

  No special data tools are used beyond standard software.

• Literature

  Frederik Zimmer: Lærebok i skatterett, Universitetsforlaget, siste utgave, kap. 3 - 14 og 16-17.

  Arvid Aage Skaar og Roy K. Kristensen: Lærebok i bedriftsskatterett, Gyldendal Juridisk, siste utgave, kap. 18.

  Ole Gjems-Onstad: Skattelover og sentrale forskrifter, studenthefte, siste utgave.

  Recommended reading:

  Frederik Zimmer (red.): Bedrift, selskap og skatt, Universitetsforlaget, smost recent edition (the parts of the publication that cover the course topics).

• Permitted Support Material

  Lovdata Pro will be available during the exam. The following digital legal sources are included in NHH's exam-adapted Lovdata solution:

  • Norwegian Laws
  • Repealed Laws
  • Key Regulations
  • Repealed Key Regulations

  Further recommendations will be provided at the start of the semester regarding the most suitable collection of laws.

  Dictionary: one bilingual dictionary allowed (category 1)

  Calculator

  All in accordance with Supplementary provisions to the Regulations for Full-time Study Programmes at the Norwegian School of Economics Ch.4 and Examination support material.

• Retake

  Retake in RET14 will not be offered during the non-teaching semester (autumn).

  For further information about NHH's retake policy, please see Retake of exams.