What is income and how is it taxed?
Purpose:
Students should understand the concept of income and how the taxation applies in this case.
Objectives:
Identify and understand income taxation for both individuals and companies.
Understand the benefits that come from paying income taxes.
The content of this training course:
- is of general nature only and is not intended to address the specific circumstances of any particular individual or entity;
- does not provide professional or legal advice;
- is valid as of the date of its publication. Updated VAT rates can be consulted on EUROPA.
Only European Union legislation published in the Official Journal of the European Union is deemed authentic.
Materials:
Micro-clip “What is income and how is it taxed?”
Interactive whiteboard (or just an LCD projector)
Vocabulary:
taxes, income, revenue, social system, common needs