Syllabus
Introduction, Financial Organs
Czech Tax System
Income Taxes I
Income Taxes II
Value Added Tax
Other Taxes
Banking
Financial System
Insurance
Customs Duties
Course Goals / Learning Outcomes:
The course provides brief but yet professionally oriented introduction into the complex discipline of Financial Law with occasional overlaps to Financial Science. The course shows in particular examples of Czech legal institutions and relations (direct and indirect taxes, customs duties, financial system, banking and insurance) how such financial‐law institutions and relations are shaped on a national level with a view on more or less extensive harmonization stemming from the EU law. After accomplishing this course, the students will be able to comprehend better the import and functioning of mentioned selected financial institutions in the European Union and its member states.
Reading List
Mandatory1) Presentation outlines for individual lectures - will be distributed electronically during the course
Recommended 2) RADVAN, Michal: Czech Tax Law, muniPRESS – Masaryk University, Brno 2020, available on-line https://science.law.muni.cz/knihy/monografie/Radvan_Czech_Tax_Law.pdf 3) SEYAD, Sideek, M.: EU Financial Law, Stiftelsen Skrifter utgivna av Juridiska fakulteten vid Stockholms universitet, Stockholm 2010 4) European Tax Handbook 2021. IBFD, Amsterdam, 2021. 5) Internet brochures of the major tax advisory firms available for free on the Internet, including, for example, the following:
· https://assets.kpmg/content/dam/kpmg/cz/pdf/2021/taxcard_2021.pdf
· Czech Republic Highlights 2021 (deloitte.com) https://www2.deloitte.com/content/dam/Deloitte/global/Documents/Tax/dttl-tax-czechrepublichighlights-2020.pdf
· https://taxsummaries.pwc.com/czech-republic/individual/taxes-on-personal-income
· https://taxsummaries.pwc.com/czech-republic/corporate/taxes-on-corporate-income
· https://accace.com/tax-guideline-for-the-czech-republic/#
Annotation
The purpose of the course is to provide rather brief and general and yet professionally oriented introduction to Czech Financial Law with occasional overlaps to the Financial Science. Special emphasis is given to those areas of Financial Law that are connected to the stay, activities, business and investments of foreigners in the Czech Republic.
The course will cover both the fiscal and non-fiscal parts of Financial Law as well as the basics of theory of finance and financial law. Focus will be given to Czech tax system and its individual components, direct and indirect taxes, and also customs duties.
The course will also cover the financial system, banking and insurance, in particular their public-law aspects.