LEARNING OUTCOMES

The course aims to provide working knowledge of the techniques involved calculating the income taxes, with emphasis on the numerous complex connections between financial statements and taxation including those relating to deferred tax assets and liabilities

TEACHING METHODS

Traditional formats (lectures) and interactive methods based on discussion and analysis of case studies

SYLLABUS/CONTENT

- Technical and practical analysis of income taxes;

- Basic concepts of tax income components;

- How to calculate taxable income (e.g. remuneration paid to Directors, maintenance costs, tax losses carried forward, interest expenses, leasing instalments, tax concessions for Economic Growth Aid, dividends, non-current assets, inventories, construction contracts, rent income, entertaining expenses, capital gains, contributions, financial assets, receivables, etc.);

- Compiling tax returns;

- Deferred tax assets and liabilities.

RECOMMENDED READING/BIBLIOGRAPHY

Lessons and basic materials are in Italian as the topic specifically concerns Italian Civil Code and Italian tax legislation