Vat & Tax Management
COURSE OVERVIEW
Establish the right situation, cycles and controls to guarantee that Income Tax & Value Added Tax on important exchanges are recorded and revealed precisely, as needed by the VAT guidelines. LCBS Dhaka has designed a suite of VAT & TAX training course for all levels of employees in both corporate and government sectors. We aim to equip you with the knowledge and skills to embrace the many challenges of this new regime. Complete your VAT & Tax online training course today!
Why LCBS Dhaka
LCBS Dhaka is unique with its products and services designed and offered locally & internationally. LCBS Dhaka is the only platform in Bangladesh with international recognition for the premium partnering with International organizations where internationally recognized Chartered qualifications & Certification courses are offered, Exams are taken, Corporate Training & Soft Skills provided as per employers needs and job placement done. Since 2007 LCBS Dhaka has served the highest number of students, Corporate Clients and offered the highest number of courses with success globally. It ensures delivery of quality education & Training with renowned training specialists from home and abroad. Quantity is not the priority- Quality, Commitment & Clients’ Feedback is our wealth. Hear from our clients whom we served already by visiting our YouTube channel- www.youtube.com/lcbsdhaka.
Who Will Be Benefited
This course will not only enable participants to acquire a thorough understanding regarding all
aspects of local Tax and VAT but also help them to get in a ready state for future challenges in corporates on Taxation.
- All levels of employees in both corporate and government sectors.
- All Students of ACCA, CIMA, CA.
Learning Outcomes of This Training
This training nurtures learning of the graduates and professionals and develops professionalism in delivering accounting services independently and enhances their skill to tap the market opportunity. Moreover, it is intended for managers who are keen to learn about financial aspects under micro scrutiny and reduce the chances of wrong decisions. It will further provide smart tips to:
- Better Understanding of Income Tax Management
- Better understanding of accounting, Tax and VAT knowledge for your career
- Identify tax planning opportunities
- Learn new legal provisions related to income tax and VAT
- Create appropriate tax saving opportunities for proper business planning.
Training Details
Total Class: 08
Total Duration: Total 16 hrs.
Class Per Week: 2 Days per week (Friday & Saturday)
Time: 8:00 pm to 10:00 Pm
Class Duration: 2 hours/Day
Language: Bangla, English
Delivery Mode: Online
Online: e-campus.lcbsdhaka.com
Standard Course Fees: BDT- 10,000
Course Features
- Lectures 71
- Quizzes 0
- Duration 16 hours
- Skill level All levels
- Language English
- Students 218
- Assessments Yes
-
Personal Tax- Income from Salary
- Scope; Major Definitions; Changes through Finance Act 2021;
- Calculation of salary tax taking into consideration of investment tax rebate- with practical demonstration;
- Tax deduction from salary and reporting obligation;
- Exclusions of salary income;
- Investment Tax Rebate;
- Fill-up of Individual tax return and it’s tricks;
- Revision of Income Tax return;
- Do and Don’t for Salary tax computation;
- Preparation of Statement of assets & Liabilities and Life style, Reconciliation of wealth statement and life style statement
- Setoff and carry forward of losses for personal tax;
- Undisclosed income and assets and it’s implication
- Individual tax planning;
- Individual tax assessment, penalties and fines
- Personal tax audit management, appeal procedure and tax documentation management;
-
Income tax (Excluding Salary Tax)
- Tax management in Bangladesh
- Difference between direct tax and indirect tax, income year and assessment year
- Cannon of taxation
- Individual and Company Tax rates including reduced tax rates with SRO reference
- Heads of income
- Income Tax Authorities
- Return of income,
- When return submission is mandatory
- What documents needed to be submitted with return
- When return is to be submitted
- Delay interest for delay in submission of return
- Penal provision for non-submission of return
- Company tax assessment including various tax compliance and penalty for non-compliance
- CSR activities
- Deduction/Collection of tax at source
- Minimum Tax including final settlement of tax liability and Advance payment of Tax
- TDS
- Practical company tax return form [latest form] fill-up from an audit report
- Practical Withholding return form fill-up
- Different type of notices and assessment procedure
- Universal Self-Assessment
- Procedure to submit return under USA
- Tax audit and re-assessment
- Tax Holiday
- Penalty & prosecution
- Appeal
- Tribunal
- Reference to High Court Division
- Revision
- ADR etc
- Tax impact on the basis of residential status and Double Taxation Avoidance Agreement (DTAA)
- Transfer Pricing principles
- Determination of Arm’s length price
- TP Methods
- Determining the most appropriate method
- Tax Heaven, BEPS and money laundering
-
Value Added Tax (VAT)
- Major changes of VAT through Finance Act 2021;
- Important Definition and scope of Value added Tax (VAT);
- Mapping of VAT Laws;
- VAT registration, Fundamental of VAT, Registration-Form-2.1, Determination of VAT;
- VAT Documentation and VAT Invoice
- VDS Mechanism;
- VAT Exempted Goods and Services;
- Importation of Goods and Services;
- VAT at Various stages on Goods and Services;
- VAT rebate mechanism, Eligibility, Adjustment procedure, VAT on wastage items;
- VAT books of accounts;
- Input-output co-efficient details;
- Schedules & Exemption SROs;
- Preparation & Filing of VAT Return;
- How to maintain Mushak Challan & all VAT Registers;
- Advance Tax, Rebate and Refund and Adjustments
- Deduction of VAT at source, truncated VAT, Procedure of deduction, Deducting Authority, Payment, offence,
- VAT return details discussion;
- VAT Compliance Calendar & Review Discussion;
- Penalty and Appeal procedures;
- VAT Implications for Business house, Manufacturer, Importer, Exporter, Trader, service provider, Not in any VAT product or service provider
