SYLLABUS. II 2.6 Type of the evaluation. 3. Total estimated time (hours/semester of didactic activities) 3.1 Total number of teaching hours per week

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1 SYLLABUS 1. Program description 1.1 University Bucharest University of Economic Studies 1.2 Faculty Finance, Insurance, Banks and Stock Exchanges 1.3 Department Finance 1.4 Field of study Finance 1.5 Study cycle Master 1.6 Program of study/ Qualification Financial management and investments 2. Course description 2.1 The name of discipline Tax Efficiency Strategies Course Code ZI Professor for the course Lect.univ.dr. Delia Catarama 2.3 Professor for the seminar Lect.univ.dr. Delia Catarama 2.4 Year of Study I 2.5 Semester II 2.6 Type of the evaluation Exam 2.7 Type of the course Mandatory 3. Total estimated time (hours/semester of didactic ) 3.1 Total number of teaching hours per week 3 of which: 3.2 course Total number of teaching hours per semester (cf. curricula) 42 of which: 3.5 course seminar/lab 3.6 seminar/lab Time allotment for individual study hours Study of the lecture notes, course support, bibliography 35 Additional documentation (in libraries, on electronic platforms, field documentation) 30 Preparation for seminar/ lab classes, homework, referrals, projects and essays 20 Tutorship 1 Evaluation 2 Other : Work on the projects assigned at the seminar Total number of hours for individual study 3.8 Total number of hours per semester (teaching hours and individual study) 3. 9 Number of ECTS credits allocated Pre-requisites (if necessary) 4.1 curriculum Taxation, Tax Policy 4.2 competences Basic calculus of corporate income tax and VAT

2 5. Requirements ( if necessary ) 5.1. regarding Lectures take place in rooms with multimedia teaching equipment course delivery 5.2. regarding seminar delivery Students should have hand-calculators 6. Specific competencies acquired C2 - Integration of advanced concepts, theories and models specific to financial management, financial analysis and business valuation. C6 - Planning, development and substantiation of the investment and financing decisions and integration of corporate governance mechanisms. Professional competencies 7. Objectives of the discipline (outcome of the acquired competencies) 7.1 General objective of the discipline Gaining the abilities to optimize the tax burden of a company 7.2 Specific objective of the discipline Identify and evaluate the impact of relevant taxes on company s financial indicators and cash-flow. Provide advice on minimizing and/or deferring taxes. Structuring and providing a tax due-diligence audit. 8. Content 8. 1 Course Teaching methods Remarks The Need for an Ethical Approach Tax Procedure Rules Corporate income tax

3 Value Added Tax Tax implication of human resource payment International Tax Implications Tax Efficiency 4 lectures 4 lectures 2 lectures Bibliography Horan and Robinson (2008), Taxes and Private Wealth Management in a Global Context, CFA Institute Kirchler, E. (2007), The Economic Psychology of Tax Behavior, Cambridge University Press Tatu, L. et. al. (2013), Fiscalitate de la lege la practica, Editura ChBeck *** Law 571/2003 Tax Code ***Government Decision No. 44/2004 Tax Code Implementation Norms ***Government Ordinance No. 92/2003 Tax Procedure Code ***OECD Transfer Pricing Guidelines ***OECD Model Tax Convention 8. 2 Seminar/lab Teaching Remarks methods Identifying tax obligations of a company including Case study Each project group

4 statute of limitation rules works on their own case study (the company that was chosen for analysis) Computing, declaring and paying corporate income Case study idem tax The transfer pricing file Case study idem Computing, declaring and paying value added tax Case study idem Comparative analysis of tax burden of payments to Case study idem individuals. Tax implication of international transactions Case study idem Structuring tax efficient transactions Case study idem Delivering a Tax Due Diligence Report Case study idem Bibliography Horan and Robinson (2008), Taxes and Private Wealth Management in a Global Context, CFA Institute Kirchler, E. (2007), The Economic Psychology of Tax Behavior, Cambridge University Press Tatu, L. et. al. (2013), Fiscalitate de la lege la practica, Editura ChBeck *** Law 571/2003 Tax Code ***Government Decision No. 44/2004 Tax Code Implementation Norms ***Government Ordinance No. 92/2003 Tax Procedure Code ***OECD Transfer Pricing Guidelines ***OECD Model Tax Convention 9. Corroborating the content of the discipline with the expectations of the epistemic community, professional associations and representative employers within the field of the program Discussing the discipline contents with tax consultants and business representatives. 10. Evaluation Type of activity 10.1 Evaluation criteria 10.2 Evaluation methods 10.4 Course Subjects including casestudies that require students to calculate taxes and to provide the most efficient tax structure Written exam 10.3 Share in the final grade (%) 70% Seminar/lab Test that require students to calculate taxes Written test 10.6 Minimum performance standard Identifying applicable tax legislation and calculating taxes in the case study 30%

5 Date of syllabus proposal Signature of the professor for the course Signature of the professor for the seminar Lect.univ.dr. Delia Catarama Lect.univ.dr. Delia Catarama Date of the approval in the department Signature of the Head of the department Conf. univ. dr. Lucian âu