Taxation

Code:

1OP08

Acronym:

FISC

Keywords
Classification	Keyword
OFICIAL	Management Studies

Instance: 2020/2021 - 1S

Active?	Yes
Web Page:	https://moodle.up.pt/course/view.php?id=1106
Institution Responsible:	Faculty of Economics

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
LECO	80	Bologna Syllabus since 2012	3	-	3	42	81
LGES	20	Bologna Syllabus since 2012	3	-	3	42	81

Teaching language

Portuguese

Objectives

To study the Portuguese tax system and the main taxes on income.

Learning outcomes and competences

Describe the Portuguese tax system, in a generic way
List the advantages and disadvantages of income taxes
List the advantages and disadvantages of consumption taxes
Know the portuguese personal tax (IRS) real and personal incidence
To be able to classify, in the different categories of income, for income tax purposes, the various types of income that can be obtained by natural persons
Identify the timing of IRS taxation of different categories of income
Calculate tax collection, considering the progressivity of IRS fees
To know how the deduction of losses (negative results) operate, in the different categories of income, regarding IRS
Understand how withholding taxes and payments on account schemes work, regarding IRS
Being able to identify situations in which it is advantageous to opt for the incorporation of certain income into IRS
List key deductions to IRS collection
Identify pass through entities
Establish the link between the accounting income and the tax income, for the purpose of company taxation (IRC)
Know the IRC real and personal incidence standards
Identify key IRC exemptions
Know the rules for determining the taxable income (for the purpose of IRC) of companies
Know how to apply the tax rates and autonomous taxation in IRC
Describe the simplified tax regime in IRC
To be able to identify situations in which it is advantageous to opt for the simplified regime of taxation, in IRC
Understand how withholding taxes and payments on account schemes work, regarding IRC
Know how to complete the IRC tax form

Working method

Presencial

Program

I – THE PORTUGUESE TAX SYSTEM
1. Introduction
2. State Budgets and Taxes
3. The choice between income and consumption taxes

II – PERSONAL INCOME TAX
1. Introduction
2. Taxable persons
3. Taxable events
4. Taxation diagram
5. Category A - Employment income
6. Category B - Business and professional income
7. Category E - Dividend and interest income
8. Category F - Real estate income
9. Category G - Capital gains
10. Category H - Pensions
11. Tax exemptions
12. Tax rates
13. When are taxes due?
14. Tax deductible losses
15. Withholding tax
16. Payments on account
17. Optional income aggregation
18. Economic double taxation
19. Fiscally-transparent entities
20. Tax credits

III – CORPORATE INCOME TAX
1. Introduction
2. Taxable persons and profits chargeable
3. Exemptions
4. Tax period
5. Taxation diagram
6. Accounting
7. Net income
8. Changes in equity
9. Equity method
10. Depreciation, amortization and imparirment losses (non-current assets)
11. Impairment losses (current assets)
12. Provisions
13. Irrecoverable debts
14. Social benefits and subscriptions to industry associations
15. Non-deductible expenses
16. Capital gains and losses
17. Economic double taxation
18. Fiscal losses (carry-forwards)
19. Simplified tax regime
20. Tax rates
21. Independent taxation
22. Tax credit
23. Withholding tax
24. Payments on account
25. Tax form filing

Mandatory literature

IRS; Código do Imposto sobre o Rendimento das Pessoas Singulares
IRC; Código do Imposto sobre o Rendimento das Pessoas Coletivas

Complementary Bibliography

Pinto José Alberto Pinheiro; Fiscalidade. ISBN: 978-989-647-392-1
Vasconcelos André Alpoim; Regime fiscal das depreciações e amortizações. ISBN: 978-989-647-330-3

Teaching methods and learning activities

Theoretical-practical classes

Evaluation Type

Distributed evaluation with final exam

Assessment Components

Designation	Weight (%)
Teste	70,00
Participação presencial	30,00
Total:	100,00

Amount of time allocated to each course unit

Designation	Time (hours)
Estudo autónomo	39,00
Frequência das aulas	39,00
Total:	78,00

Eligibility for exams

Option 1: Final Exam (all enrolled students can take the exam).

Option 2: Distributed evaluation with final exam. Approval, by obtaining a grade of 10, as a result of the weighted average of the classifications obtained in the set of questions presented during the classes (weighting 30%) and in the final test (weighting 70%). The final test will take place on the same date as the normal season exam. A minimum rating is not required in the evaluation tests.

Calculation formula of final grade

Distributed evaluation: 30% x Grade obtained in the set of questions presented during the classes + 70% x Final test Grade

Classification improvement

As stated in the "Assessment Regulations for first and second cycle students of the Faculty of Economics of the U.Porto".

The improvement of classification is only possible by taking the exam.