Accounting with an Emphasis on Taxation

Introduction

The training Course “ACCOUNTING WITH EMPHASIS ON TAXATION” is structured into two self-contained Teaching/Thematic Units, lasting one and four months respectively. The overall aim of the Course is to cover, both theoretically and in practice, the legislative provisions on the taxation of inventories and receivables, the distribution of profits, transfers of shares and company holdings, and business transformations. The Course includes: a) gathering the relevant information (i.e. the key tax and other related regulatory provisions) that determines the scope of income tax obligations (theoretical approach); b) organising and presenting this information by individual area of taxation, so that it is easier both to look up and to apply (from theory to practice); and c) presenting practical examples and highlighting special issues (practical dimension). Overall, the Course helps trainees acquire a basic knowledge of income taxation for natural and legal persons.

Units

I. Secrets for Successfully Completing Your Tax Return (Duration: 1 month / 16 hours / 0.62 ECTS)

The aim of the Teaching Unit “Secrets for Successfully Completing Your Tax Return” is to cover, in theory and in practice, the completion of tax returns for individuals, the forms submitted together with the income tax return, the supporting documents required for any income tax exemptions to be recognised and, finally, a detailed tax guide for the relevant tax year.

II. Business Tax Issues (Duration: 4 months / 102 hours / 3.92 ECTS)

The aim of the Teaching Unit “Business Tax Issues” is for trainees to acquire comprehensive knowledge, thorough information and an understanding of all the individual features governing the tax provisions applicable to legal entities. Through the wealth of examples, exercises and case studies based on real data included in the educational material, the topics analysed are expected to be approached in an easy and comprehensible way.

Scientific Director

Emmanuel Tsiritakis,

Professor, Department of Banking and Financial Management, University of Piraeus

Target Audience

The course is aimed at:

Students and graduates of universities, technological institutes (TEI) and vocational training institutes (IEK)
Economists, accountants, employees of organisations, banks and audit firms, and business executives working in the wider financial sector

Admission Requirements

Participants must have:

Basic computer skills
Internet access
A personal email account

Delivery Method

The Course is attended entirely online via simple educational software (an asynchronous e-learning platform), and digital educational material and continuous educational support are provided. Once an applicant is accepted onto the Course, a user account is created on the e-learning platform, giving access to the teaching unit of their choice. Within each teaching unit, the responsible instructor’s electronic educational material is posted on the e-learning platform on a weekly basis. The educational material includes electronic notes with theory and examples in PDF format, which can be saved and printed so that they can also be studied offline. Assignments or self-assessment tests may be set during the course. Trainees have access, at any time and from anywhere with an internet connection, to all the activities, information sources and announcements of each course, and are given the instructor’s contact details so that they can resolve any queries. Participants should:

study the material and the notes
use the links related to the course material
submit assignments, self-assessment tests and final examination answers

Type of Certificate

Trainees who successfully complete all the Units of the Course are awarded a Training Certificate by KEDIVIM of the University of Piraeus. Participants who choose to attend only some of the thematic units are awarded a Training Certificate listing the Teaching/Thematic Units they have successfully completed. If successful completion of the Course is not possible due to discontinuation of studies or failure in the examinations, the trainee is awarded a Certificate of Attendance by KEDIVIM of the University.

See a sample of the certificates awarded, as applicable, here

Teaching/Thematic Units

1Teaching/Thematic Unit 1: Secrets for Successfully Completing Your Tax Return

PART ONE:

Forms submitted together with the Personal Income Tax return and other information relating to their submission

- Supporting documents – certificates required for the recognition of Income Tax exemptions.
- Supporting documents – certificates required as proof of dependent family members and of family status in general.
- Supporting documents – certificates submitted to establish eligibility for a reduction in Income Tax.
- Expenditure on installing natural gas, photovoltaic and district heating systems, etc.
- Expenditure on wedding receptions, entertainment venues, gyms, plumbers, etc.
- Lump-sum expense without supporting documents due to disability
- Supporting documents for expenses submitted to social security funds, businesses, etc.
- Supporting documents submitted by taxpayers to obtain a deduction from their income from real estate.
- Supporting documents and information to be submitted by sole proprietors, where there is such an obligation.
- Supporting documents submitted by farmers in order to obtain deductions from their net agricultural income, which is determined on the basis of objective criteria.
- Supporting documents submitted to prove deemed expenditure and how it is covered.
- Other supporting documents and certificates, and how to submit them.

PART TWO:

Tax guide for individuals (Table 1, Table 2, Table 4, Table 5, Table 7, Table 8)

PART THREE:

Arrangements for certain tax matters under POL circulars 1300/09, 1065/09, 1066/09, 1057/09 & 1039/09

- Donations abroad
- Lawyers' fees and the provision of legal services
- Medical care expenses
- Hospitalisation expenses
- Income tax exemptions for foreign service employees serving abroad
- Concerns members of the former Transport Enterprises ("S.EP.") who have ceased trading in the activity of operating a bus
- Determination of a single net profit rate for insurance advisers and coordinators of insurance advisers who are exempt from keeping books under the Code of Books and Records (KBS).
- Avoidance of double taxation
- Tax returns are confidential documents
- Taxation of capital gains arising from the sale of shares listed on the Athens Stock Exchange
- Exemption of interest on Greek State Treasury bills
- Taxation of interest on Treasury bills for non-residents
- Withholding tax on dividends when shares are distributed instead of cash

PART FOUR:

Errors and some of the queries and questions taxpayers raise with tax offices, as well as key codes to watch out for

- What to watch out for
- Completing Table A of Form E3

2Teaching/Thematic Unit 2: Business Tax Issues

Topics covered:

Inventory of business assets
Stocktaking
Valuation of Receivables
Valuation of Participations & Securities
Valuation of Treasury Shares
Business Goodwill
Recognition of Provisions
Methods of Business Merger
Recognition of Provisions
Methods of Business Mergers
Tax Incentives
Profit Distribution of a Société Anonyme
Profit Distribution of Ltds, GPs & LPs
Taxation of Business Profits
Business Conversions
Business Bankruptcies
Classification of Business Losses
Revision Study Topics

Learning Outcomes

Upon successful completion of the Course, trainees will be able to: study and practise with tax forms; study the detailed tax guide and complete accompanying forms; make use of the knowledge acquired in this field; understand how taxation affects business decision-making; apply valuation methods to the companies involved; assess issues relating to business tax legislation (SA, Ltd, GP, LP); develop problem-solving strategies; understand the concepts of the Income Tax Code; identify the scope of income tax for natural and legal persons; understand the basic provisions of Double Taxation Avoidance Agreements; identify the categories of legal persons and entities exempt from income tax; identify types of income (employment, pensions, business activity, capital, etc.) and how each category is treated for tax purposes; understand the concept and application of the alternative method of determining taxable income; identify additional income tax charges (e.g. the special solidarity contribution); identify any tax reductions for natural persons, as well as deductible and non-deductible business expenses; understand the concept and method of adjusting accounting profits; determine taxable income from capital and the capital gains arising from its transfer; understand how intra-group transactions are taxed; complete the relevant tax returns of natural persons, legal persons and legal entities; understand the provisions of the Income Tax Code on tax avoidance and tax evasion

Assessment

The examination process takes place remotely via the e-learning platform, with the final examination questions and exercises posted in the form of an assignment with a deadline for submitting answers. Late participation in the final examination may be arranged in consultation with the trainee, provided that no more than one year has passed since their registration in the relevant teaching unit.

Discount Policy

The following discount categories apply:

GROUP A: Unemployed persons, members of large families and families with three children, persons with disabilities, graduates and students of the University of Piraeus, employees of the University of Piraeus (permanent or under contract), municipal employees
GROUP B: Undergraduate students of universities/technological institutes (AEI/TEI) or persons up to 30 years of age holding a European Youth Card, participants of previous cycles, registration for at least two courses in the same period

Please note that:

Discounts are not cumulative.
Each trainee may benefit from only one discount category.
Participants entitled to a discount must submit the supporting documents that will be requested.

Course Fee after discount

	GROUP A	GROUP B	NO DISCOUNT
Total Course Fee	390€	470€	560€
Fee for Thematic Unit 1	60€	70€	90€
Fee for Thematic Unit 2	330€	400€	470€

Payment of Fees

Fees are payable in a single payment or in equal monthly instalments, the number of which corresponds to the duration of the Teaching Unit in months, provided that the fees are paid in full 2 weeks before the end of the Teaching Unit. Failure to pay any instalment will result in the automatic exclusion of the candidate from the remainder of the Course, the examinations and the award of the certificate.

560,00 €

Duration:	5 Months / 118 Hours
ECTS:	4.54
Field of Study:	Accounting
Language:	Greek
Scientific Director:	Emmanouil Tsiritakis

Educational Material

Electronic Notes

ENROL