2. TAXATION OF THE BUSINESS PROFIT Teaching unitCourses:CORPORATE TAX REGIMEYear: Year 3 of Bachelor's in LawDegree: Bachelor's in LawDescriptionStudy of the taxes on business profitObjectivesThe student will be able to resolve disputes that can generate the interpretation of tax regulations.The student will be able to weigh the tax consequences that are related to business investment decisions.The student will be able to take appropriate measures on corporate tax planning decisions.The student will be able to have a critical attitude in defense of the interests of companies against any decision of the tax authorities that may be questionable.SubjectsLecture topics2.1. PERSONAL INCOME TAX (I). 1. Nature and scope of application. 2. The taxable event: concept of income; non-liable and exempted income; Taxpayers. The allocation of income; Tax period, tax accrual and temporary imputation; Individualization of income.2.2. PERSONAL INCOME TAX (II). 1. The taxable base: concept. 2. Work income. 3. Yields from liquid capital. 4. Income from economic activities. 5. Capital gains and losses. 6. Imputed income.2.3. PERSONAL INCOME TAX (III). 1. The taxable base: determination; Preliminary considerations; Integration and compensation of income; general and savings taxable base. 2. The net taxable base: net taxable base and net savings taxable base; applicable reductions.2.4. PERSONAL INCOME TAX (IV). 1. State and regional tax amount. 2. Personal and family tax-free thresholds. 3. Net tax amount. Deductions from the tax amount. 4. The tax due. 5. The advanced tax payments. 6. The joint taxation. 7. Duties of the taxpayers. 8. The ex officio tax refund.2.5. CORPORATION TAX (I). 1. General aspects: applicable law; Nature and scope of application. 2. Taxpayer and other parties of the tax. 3. Taxable event. 4. Tax period and accrual.2.6. CORPORATION TAX (II). 1. The taxable base: accounting profit and tax adjustments. 2. Depreciations. 3. Leasing operations. 4. Impairment losses on assets. 5. Provisions. 6. Non-deductible expenses. 7. Rules for the valuation of assets. 8. Related party transactions. 8. Exemptions; Other cases of non-liability and exemption. 9. Offsetting negative gross tax bases.2.7. CORPORATION TAX (III). 1. Tax rates and tax amount. 2. The deductions on the tax amount. 3. Allowances on the tax amount. 4. Deductions to promote the carrying out of specific activities. 5. The advanced tax payments. 6. The obligation to make a tax return. 6. The special schemes on Corporation Tax.Laboratory topicsResolution of settlements on the main taxes on business profits; in particular, case studies about PIT, individual and joint taxation, advanced tax payments, implementation of regional tax deductions, among others. Solving exercises on Corporation Tax: general system and specialties, advanced tax payments.