Revenue collection in general terms relates to a government agency’s actions to collect outstanding financial obligations from the public. Revenue may come from a variety of sources such as taxes, license fees, fines or use of state facilities. Revenue collection is also the general and broad collection of revenue for debts owed or owed revenue by persons or businesses.

Why is revenue collection important? All governments need to have effective revenue collection strategies in place to make sure sufficient cash is made available to service operational costs. It is a best practice to review all points of revenue collection as well as to have policies and ordinances in place annually.

This course will empower participants with knowledge on general collection of revenue for debts owed or owed revenue by persons or businesses. This will also cover topics on revenue collection like the assessment of billing of taxes and other revenues, accounting, internal controls and auditing, collecting and processing taxes, other revenues and enforcement of revenue collections. Participants will learn the principles employed to boost staff morale and encourage taxpayer participation.

Participants will be able to achieve the following upon successfully completing the course:

• Familiarize themselves with the technical aspects of the principal steps of revenue collection in the new standards
• Learn the implications of “rules-based” and “principles-based” revenue collection standards
• Know the relevant changes in the new revenue collection guidance

This course is targeted at:

• Accountants
• Tax advisers
• General tax practitioners
• Tax practitioners in advisory firms
• Tax specialists in commercial and trade industries
• Government officials
• Government agencies
• In-house tax directors/managers
• Tax regulation bodies

• Introduction to Revenue Collection
• Types of Revenue
• Increasing the Tax Base
• Other Indirect Methods
• Budget
• Role of Federal Tax Authority
• Governance in Tax Departments
• Importance of Internal Checks
• Case Studies