Financial Taxation (FIN307)
Vietnamese title: Thuế doanh nghiệp
Credits: 3
Prerequisites: ACC101

Description:
The goal of this course is to provide students with fundamental knowledge of taxation as well as a framework for understanding how taxes influence company decisions. Topics to be covered include: Fundamentals of taxation, Personal Income Tax, Corporate Income Tax, Value Added Tax (VAT), Foreign Contractor Taxes, Excise Duty, Custom Duty, Other Taxes in Vietnam and International Taxation.

Learning outcomes:
Remembering the tax systems and Vietnamese legal framework for taxation.
Understanding the nature and function of the Vietnamese tax system in society.
Applying legal framework to compute the company's tax liabilities of companies.
Analyzing tax policies and potential tax advantages for various organizations.
Evaluating tax strategy of companies.
Developing a compliance mindset and an awareness of self-updating new tax prerequisites.
Creating an effective tax strategy for the company.
Show the ability of interpersonal communication in business context

Student tasks:
- Students must attend at least 80% of contact slots in order to be accepted to the final examination.
- Student is responsible to do all exercises, assignments and labs given by instructor in class or at home and submit on time
- Use laptop in class only for learning purpose
- Read the textbook in advance
- Promptly access to http://flm.fpt.edu.vn for up-to-date course information

Tools:
- Internet
- Net-Challenge Simulation Software (CD accompany with the textbook)

Materials:
description: Taxation, a university textbook
author: Le Xuan Truong, Asso Prof PhD & Nguyen Thi Thanh Hoai, PhD
publisher: Finance Publisher
published_date: 2023
description: Legislative documents on Taxation
author: Ministry of Finance, Vietnam
note: Suggested link: (1) Legal Normative Documents Portal: https://vbpl.vn/Pages/portal.aspx (2) Vietnam Government Portal: https://chinhphu.vn/he-thong-van-ban
description: Taxes and Business Strategy: A Planning Approach
author: Scholes, Wolfson, Erickson, Maydew and Shevlin
publisher: Cambridge Business Publishers
published_date: 2020
edition: 6th
isbn: 9781618533210
description: Hướng dẫn thực hành môn thuế
author: Học viện Tải chính
publisher: Finance Publisher
published_date: 2018

Assessments:
category: Class Participation
type: on-going
weight: 10.0
question_type: All LOs
note: Classroom
category: Group Assignment
type: on-going
weight: 15.0
question_type: All LOs
no_question: Suggestion: Planning tax strategy for start-up
knowledge_and_skill: Case study
grading_guide: - Comprehensive reading, understanding issues, presenting problems,
- Personal qualities: Individual responsibility, self-esteem, sociability, self-management, and integrity.
- Cover all studied chapters
- Any plagiarism will be resulted in a failure of assignment
note: Report and Presentation in class, graded by instructor
category: Quiz 1
type: on-going
weight: 15.0
duration: 30-45 minutes
question_type: LO1, LO2, LO3, LO4
no_question: Comprehensive multiplechoice and/or exercises
Cover chapter 1, 2, 3
knowledge_and_skill: - Multiple choice: 20 to 40 questions;
- Problem solving: 1-3 questions.
grading_guide: Integration of studied knowledge and skills of chapters 1, 2 and 3
note: in class, by instructor
category: Quiz 2
type: on-going
weight: 15.0
duration: 30-45 minutes
question_type: LO1, LO2, LO3, LO4
no_question: Comprehensive multiplechoice and/or exercises
Cover chapter 4, 5, 6
knowledge_and_skill: - Multiple choice: 20 to 40 questions;
- Problem solving: 1-3 questions.
grading_guide: Integration of studied knowledge and skills of chapters 4, 5 and 6
note: in class, by instructor
category: Quiz 3
type: on-going
weight: 15.0
duration: 30-45 minutes
question_type: LO1, LO2, LO3, LO4
no_question: Comprehensive multiplechoice and/or exercises
Cover chapter 7, 8, 9
knowledge_and_skill: - Multiple choice: 20 to 40 questions;
- Problem solving: 1-3 questions.
grading_guide: Integration of studied knowledge and skills of chapters 7, 8 and 9
note: in class, by instructor
category: Final exam
type: Final exam
weight: 30.0
duration: 60 minutes
question_type: All LOs
no_question: Multiple choice questions (50). Multiple choice questions cover all chapters
grading_guide: Integration of studied knowledge and skills of chapters covered in the subject
note: by exam board,
using computer

Schedule:
session: Course Introduction
learning_outcomes: I
T
materials: FIN307
session: Chapter 1: An overview of taxation and the Vietnamese tax system
1.1. The overall functions and purpose of taxation
1.2. Characteristics off a good tax system
1.3. Principles of taxation
1.4. Tax avoidance and evasion
learning_outcomes: I
T
materials: FIN307
session: 1.5. The overall structure off Vietnamese tax system
1.6. Systems of registration, the making of return and the payment of tax liabilities
1.7. Procedure relating to enquirities, appeals and duties
1.8. Transfer pricing
1.9. Tax penalties and fines
learning_outcomes: I
T
session: Chapter 2: Personal Income Tax
2.1. Overview of personal income tax
2.2. Scope of personal income tax
learning_outcomes: I
T
materials: FIN307_4
session: 2.3. Incomes subject to personal income tax
2.4. The computation of personal income tax liabilities
learning_outcomes: I
T
session: 2.5. Tax reduction and tax exemption
2.6. Tax declaration and payment
learning_outcomes: I
T
session: Chapter 2: Personal Income Tax (cont.)
2.7. Tax planning
learning_outcomes: I
T
session: Exercise Activities: Chapter 2
learning_outcomes: U
session: Exercise Activities: Chapter 2
learning_outcomes: U
session: Chapter 3: Corporate Income Tax
3.1. Overview of corporate income tax
3.2. Scope of corporate income tax
learning_outcomes: I
T
materials: FIN307_10
session: 3.3. The computation of corporate income tax
3.4. Taxable income and assessable income
learning_outcomes: I
T
session: 3.5. Exempt Incomes
3.6. Losses carried forward
3.7. Deduction of science and technology fund
learning_outcomes: I
T
session: Chapter 3: Corporate Income Tax (cont.)
3.8. Tax rates
3.9. Tax incentives
3.10. Tax declaration and payment
3.11. The use of exemptions and reliefs in deferring and minimizing CIT liabilities
learning_outcomes: I
T
session: Exercise Activities: Chapter 3
learning_outcomes: I
T
session: Exercise Activities: Chapter 3
learning_outcomes: I
T
session: Quiz 1 (chapter 1, 2, 3)
learning_outcomes: U
session: Chapter 4: Value added tax
4.1. Overview of VAT
4.2. Scope of VAT
4.3. Tax base
4.4. VAT Methods
learning_outcomes: I
T
materials: FIN307_17
session: Group Assignment Release
learning_outcomes: I
T
session: Chapter 4: Value added tax (cont.)
4.5. Invoicing
4.6. Tax declaration and payment
4.7. Tax refund
learning_outcomes: I
T
session: Exercise Activities: Chapter 4
learning_outcomes: U
session: Exercise Activities: Chapter 4
learning_outcomes: U
session: Chapter 5: Foreign contractor taxes
5.1. Overview of foreign contractor taxes
learning_outcomes: I
T
materials: FIN307_22
session: 5.2. Scope of application
5.2.1. Taxpayers
5.2.2. Taxable objects
learning_outcomes: I
T
session: 5.3. Computation of FCT
5.3.1. Declaration method
learning_outcomes: I
T
session: Chapter 5: Foreign contractor taxes (cont.)
5.3. Computation of FCT (cont.)
5.3.2. Direct method
5.3.3. Hybrid method
learning_outcomes: I
T
session: Exercise Activities: Chapter 5
learning_outcomes: U
session: Exercise Activities: Chapter 5
learning_outcomes: U
session: Chapter 6: Excise Duty
6.1. Overview of excise duty
6.2. Basic content of excise duty in Vietnam
6.2.1. Taxpayers
learning_outcomes: I
T
materials: FIN307_28
session: 6.2.2. Excisable goods and services
6.2.3. Non-taxable transactions
learning_outcomes: I
T
session: 6.2.4. Base price
6.2.5. Tax rates
6.2.6. Tax reductions
learning_outcomes: I
T
session: Chapter 6: Excise Duty (cont.)
6.2. Basic content of excise duty in Vietnam (cont.) 6.2.7. Tax calculations
6.2.8. Tax declaration and payment
6.2.9. Tax reduction and exemption
learning_outcomes: I
T
session: Exercise Activities: Chapter 6
learning_outcomes: U
session: Exercise Activities: Chapter 6
learning_outcomes: U
session: Quiz 2 (chapter 4, 5, 6)
learning_outcomes: U
session: Chapter 7: Custom Duty
7.1. Overview of custom duty
7.2. Basic content of custom duty in Vietnam
7.2.1. Taxpayers
learning_outcomes: I
T
materials: FIN307_35
session: 7.2.2. Taxable goods
7.2.3. Non-taxable goods
7.2.4. Tax base and tax payable calculation method
learning_outcomes: I
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session: Chapter 7: Custom Duty (cont.)
7.2. Basic content of custom duty in Vietnam (cont.)
7.2.4. Tax base and tax payable calculation method
7.2.5. Tax declaration and payment
7.2.6. Tax exemption, tax reduction and refund
learning_outcomes: I
T
session: Exercise Activities: Chapter 7
learning_outcomes: U
session: Exercise Activities: Chapter 7
learning_outcomes: U
session: Chapter 8: Other taxes in Vietnam
8.1. Agricultural land use tax
learning_outcomes: I
T
materials: FIN307_40
session: 8.2. Non-agricultural land use tax
learning_outcomes: I
T
session: 8.3. Severance tax
learning_outcomes: I
T
session: Chapter 8: Other taxes in Vietnam (cont.)
8.4. Environmental protection tax
learning_outcomes: I
T
session: Exercise Activities: Chapter 8
learning_outcomes: U
session: Exercise Activities: Chapter 8
learning_outcomes: U
session: Chapter 9: International taxation
9.1. Double taxation
9.2. Tax treaties
learning_outcomes: I
T
materials: FIN307_46
session: 9.2.1. Deduction method
learning_outcomes: I
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session: 9.2.2. Deduction of deemed tax method
learning_outcomes: U
session: Chapter 9: International taxation (cont.)
9.2. Tax treaties (cont.)
9.2.3. Indirect deduction method
learning_outcomes: I
T
session: Exercise Activities: Chapter 9
learning_outcomes: U
session: Exercise Activities: Chapter 9
learning_outcomes: U
session: Quiz 3 (chapter 7, 8, 9)
learning_outcomes: U
session: Tax insight from transfer pricing (optional)
Course review
learning_outcomes: I
T
session: Course review
learning_outcomes: I
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session: Group Presentations and report submission
learning_outcomes: U
session: Group Presentations and report submission
learning_outcomes: U
session: Group Presentations and report submission
learning_outcomes: U
session: Group Presentations and report submission
learning_outcomes: U
session: Group Presentations and report submission
learning_outcomes: U
session: Group Presentations and report submission
learning_outcomes: U