Accounting and Taxation of Foreign Economic Operations

Major: Management
Code of subject: 6.073.05.E.150
Credits: 4.00
Department: Foreign Trade and Customs
Lecturer: Oleksandr Maslak, Doctor of Economics, prof.
Semester: 6 семестр
Mode of study: денна
Learning outcomes: PLO4. Demonstrate skills to identify problems and justify management decisions. PLO6. Identify skills of search, collection, and analysis of information, calculation of indicators to justify management decisions. PLO12. Assess the legal, social, and economic consequences of the organization. PLO20. Ability to demonstrate in-depth knowledge and understanding of the processes of international economic operations, their organizational, financial, resource, legal, logistical, customs, transport, forwarding, insurance, management support.
Required prior and related subjects: Prerequisites: Technology of foreign economic operations Management of innovation activity Corequisites: Budgeting of foreign economic activity Accounting and taxation of foreign economic transactions (CW)
Summary of the subject: Theoretical principles of accounting for foreign economic transactions. Accounting for the book value of foreign currency and exchange rate differences. Peculiarities of accounting for foreign currency acquisition transactions. Accounting for export operations. Accounting for re-export operations. Accounting of import operations. Accounting for reimport operations. Accounting of barter operations. Accounting of leasing operations. Accounting of consignment operations. Accounting in the IAS/IFRS system. The essence and basic principles of taxation of foreign economic activity. Settlement of certain types of taxes in the field of foreign economic activity. Peculiarities of taxation of export and import transactions. Peculiarities of the occurrence of tax liabilities for export and import operations. Calculation and payment of taxes during foreign economic transactions.
Assessment methods and criteria: Current control (40 points): practical classes (12 points), laboratory works (28 points); Final control (65 points): written component (50 points); oral component (15 points)
Recommended books: 1. Гребельник, О.П. & Сторожук, О.В. (2018). Оподаткування зовнішньоекономічної діяльності: навч. посіб. Ірпінь: Ун-т ДФС України, 554 с. 2. Кадуріна, Л.О. & Стрєльнікова, М.С. (2012). Облік зовнішньоекономічної діяльності на підприємствах України: теорія, практика, рекомендації: навч. посібник. К.: Центр учбової літератури, 606 с. 3. Коцупатрий М.М., Кругла М.М. & Бірюк О.Г. (2019). Бухгалтерський облік (загальна теорія : практикум: навч. посіб). Київ: КНЕУ, 231 с. 4. Кузнецов, С.О. (Ред.). (2019). Облік зовнішньоекономічної діяльності: навчальний посібник. Харків: Видавництво Іванченко І.С., 221с. 5. Андрущенко, В.Л. (Ред.). (2020). Податкова система: Навчальний посібник. К.: «Центр учбової літератури», 416 с.

Accounting and Taxation of Foreign Economic Operations (курсова робота)

Major: Management
Code of subject: 6.073.05.E.153
Credits: 2.00
Department: Foreign Trade and Customs
Lecturer: Ph.D., senior lecturer Yuliia Chyrkova
Semester: 6 семестр
Mode of study: денна
Learning outcomes: 1. Profound knowledge of the theoretic-conceptual framework for taxation of foreign economic activity. 2. In-depth knowledge of key types of taxes (duties, excise duty, value added tax) and their functions in the field of foreign economic activity. 3. In-depth knowledge of the types of customs duties. 4. Ability to conduct taxation of export and import operations. 5. Reasonable knowledge of the procedure for VAT refunds in export operations, as well as the payment of taxes and fees when applying the “temporary import”, “temporary export”, “transit” customs regimes. 6. The ability to ensure the taxation of transactions with the customer-supplied raw materials: in the customs territory of Ukraine and abroad. 7. Profoundly understand the key principles of taxation in the duty-free mode. 7. Ability to work with international treaties for the avoidance of double taxation. 8. The ability to own and effectively apply the methods of optimizing tax payments in the field of foreign economic activity of enterprises in Ukraine.
Required prior and related subjects: Prerequisites: - Management; - Foreign Economic Activities of Enterprises; - Customs Business Corequisites: - Budgeting of foreign economic activities; - International lending and foreign exchange regulation of foreign economic activity
Summary of the subject: The content and principles of taxation of foreign economic activity. Key types of taxes and their functions in the field of foreign economic activity. Duty: nature, types, order of accrual. Customs fees: appointment, types, collection procedure. A single fee charged at checkpoints across the state border of Ukraine. Excise duty: purpose, conditions of recovery and methods of calculation. Value Added Tax: Essence, Accrual Conditions, and Particularities of Recovery. Features of taxation of export and import operations. The procedure for reimbursing VAT on export operations. Payment of taxes and fees when applying the customs regimes “temporary import”, “temporary export”, “transit”. Taxation of operations with raw material: on the customs territory of Ukraine and abroad. Free customs zone: the essence and features of the operation. Key aspects of duty-free shopping. Taxation of income of non-residents. International treaties for the avoidance of double taxation. Varieties of benefits within the taxation of foreign trade in Ukraine. Ways to optimize tax payments in the field of foreign economic activity of enterprises in Ukraine.
Assessment methods and criteria: Current control (35 points): practical classes (15 points), laboratory works (20 points); Final control (65 points): written component (50 points); oral component (15 points)
Recommended books: 1. Податковий кодекс України № 2755-17 від 02.12.2010 р. [Електронний ресурс]. – Режим доступу: http://www.zakon.gov.rada5.ua.; 2. Митний кодекс України № 4495-VI від 13.03.2012 р. [Електронний ресурс]. – Режим доступу: http://www.zakon.gov.rada5.ua. 3. Закон України «Про Митний тариф України» № № 584-VII від 19.09.2013 р. [Електронний ресурс]. – Режим доступу: http://www.zakon.gov.rada5.ua. 4. Трусов О. Довідник ЗЕДівця. – 2-ге вид., перероб. і доп. – Х.: Фактор, 2008. – 656 с. 5. Тюріна Н.М. Зовнішньоекономічна діяльність підприємства: навч. Посібник / Н.М. Тюріна, Н.С. Карвацка. – К.: «Центр учбової літератури», 2013. – 408с. 6. Чернишова Л.О. Зовнішньоекономічна діяльність підприємства: практикум: навч. Посібник / Л.О. Чернишова, В.О. Козуб, Л.Л. Носач, К.Ю. Величко, О.І. Печенка. – Х.: «Видавництво «Форт», 2017. – 238 с.