6 ECTS credits
150 h study time
Offer 2 with catalog number 4001476FER for all students in the 1st semester at a (F) Master - specialised level.
This part of the course aims to provide students with a thorough knowledge and understanding of Belgian VAT.
After a brief reminder of the general basic concepts of VAT (students can optionally participate in the lessons devoted to VAT in the context of 'corporate taxation'), the general basic concepts of VAT will be examined. Subsequently, the concepts of 'taxable transactions', 'supply of goods', 'supply of services', 'taxpayer', 'taxable amount', 'intra-community acquisition and supply', 'import and export', 'exemptions', ‘VAT refunds’, ‘statute of limitations’ and ‘disputes’ will be thoroughly examined.
In the V.A.T. emphasis is also placed on the regime of immovable assets. The intention is primarily to teach the students a method to solve V.A.T. questions based on five questions and the use of the V.A.T. Code. An overview is given of the current V.A.T. legislation. Emphasis will be laid on intra-community transactions. If useful, the Belgian legislation will be verified against the EU guidelines and the relevant European jurisdiction.
Content: General introduction, Taxpayer, Taxable transactions, Place of the taxable transactions, Taxable fact and indebtedness of VAT, Taxable amount, Rates, Exemptions, Right to deduction, Settlement of VAT, Refund, VAT obligations, Procedure, The VAT-declaration.
Working methods: lectures, interactive lectures
DAY STUDENTS
LEC: 26 hours (9 x 3),
SELF: 130 hours
- follow or watch introductory lessons: 9 hours
- keep track of the course during the semester, at a rate of 3 hours per lecture: 36 hours
- practise ‘how to work’ with the VAT-Code: 21 hours
- preparing for the exam: 64 hours (8 days of 8 hours)
WORKING STUDENTS
LEC: 3 hours (1 x 3),
SELF: 153 hours
- watch lesson recordings: 33 hours
- keep track of the course during the semester, at a rate of 3 hours per lecture: 36 hours
- practise ‘how to work’ with the VAT-Code: 21 hours
- preparing for the exam: 64 hours (8 days of 8 hours)
Students are expected to:
The final grade is composed based on the following categories:
Written Exam determines 100% of the final mark.
Within the Written Exam category, the following assignments need to be completed:
The exam will be a 100% written exam that relates to the lectures on VAT. The exam will test the knowledge and the ability to apply the applicable tax provisions.
Examples of questions:
‘A' rents a car to a French-based tenant 'B' (taxpayer with a right to deduction) for 60 days for an amount of € 2,000. He issued an invoice on the 7th of December 2012. ‘A’ provides the car to B in France. What is the taxable transaction on the part of 'A' + art. Code of law; Where does this transaction take place + art. code; Is there an exemption + art. Code of law?
What is the legal provision under which the transaction is exempt or under which the tax is not charged and which must be stated on the invoice in the following cases? State the amount of the VAT rate in case VAT is due.
1° A closet is sold to a customer who is located in Switzerland. The customer transports the goods from Belgium to Switzerland.
2° The rental of a computer for a period of 20 days to a French customer, who is obliged to pay VAT but with a right to deduct. The computer is provided to the customer in France.
This offer is part of the following study plans:
Master of Laws: Dual Master in Comparative Corporate and Financial Law (only offered in Dutch)
Master of Laws: Civil and Procedural Law (only offered in Dutch)
Master of Laws: Criminology (only offered in Dutch)
Master of Laws: Economic Law (only offered in Dutch)
Master of Laws: Tax Law (only offered in Dutch)
Master of Laws: International and European Law (only offered in Dutch)
Master of Laws: Public Law (only offered in Dutch)
Master of Laws: Social Law (only offered in Dutch)
Master of Laws: Criminal Law (only offered in Dutch)
Master of Laws: Law and Technology (only offered in Dutch)