Fiscal Policy and taxation

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

This Value Added Tax Training (VAT) Course facilitates tax controllers, accountants, auditors, and other tax professionals to realize the significance of managing Value Added Tax (VAT) operations and calculations. VAT management can be significantly complicated if the right knowledge is not available within the organization.

Why is this ‘Value Added Tax (VAT)’ Course the right choice for you? Our VAT courses provide a thorough insight into the VAT framework, encompassing the underlying principles of VAT, its legal and regulatory aspects, how to deal with VAT implementation and administration, and support with the understanding and reliable submission VAT returns. It covers real-world examples of VAT management, as well as VAT characterization, the history behind its vocabulary, illustrations of how to file VAT returns, how to watch out for impending violations in the VAT system, and guidelines on how to pass audit compliance checks skillfully.

This VAT training will empower you with knowledge in VAT operatives, processes and procedures. You will also be specifically engaged in learning about real-world VAT implementation and management concerns, consequences, applications and any potential challenges.

Upon completing this VAT course successfully, participants will be able to:

• Explain VAT and understand the depths of how it works
• Apply VAT procedures
• Prepare to pass a VAT audit successfully
• Review and improve their own VAT registration process
• Practice VAT calculations, and learn about the accounting principles and documentation requirements to file VAT returns accurately
• Comprehend the theory behind VAT and get an outline of the VAT regulations
• Identify the risks behind improper VAT management
• Recognize how to interpret their VAT balance
• Gain expertise in VAT implementation and learn how to navigate management challenges
• Explore VAT application across multiple industries – identify similarities and differences

This course is suited for:

• Finance Professionals
• Business Owners
• Finance Managers
• General Accountants
• Management Accountants
• Corporate Accountants
• Financial Controllers

This VAT Course outline covers a large area of information on Value Added Tax

• Fundamentals of Value Added Tax
• VAT Concept
• Categories of Supplies
• VAT Registration
• Date of Supply Rules
• Place of Supply Rules
• Value of Supply Rules
• VAT Exemptions
• VAT Calculation
• VAT Administration
• VAT Penalties
• VAT on Imports & Exports
• Reverse Charge Mechanism and VAT Imports
• VAT Invoices and Records
• Filling of VAT Returns

Taxes are an unavoidable part of being in any kind of business. By understanding how to manage your tax burden and prepare for tax audits, you can maximize your profits over time and reduce the costs of not meeting your legally imposed tax obligations. The main meaning of the term audit is to check, review, and inspect. Tax audits are a critical part of finance, but they are not purely the responsibility of your CPAs. Audits are collectively championed by consultants, analysts, and finance professionals and even by decision-makers who may have limited financial training.

This course is also designed for managers and business owners who want to understand how tax policies and business structures affect your company, and how prudent tax planning can help you stay organized and financially healthy. You will learn how to manage your operations all year-round to avoid last-minute tax muddles.

This course will teach you about in-depth Tax Audit, Tax Applicability, Tax Auditors, Letters, Tax Audit Procedures, Documentation, and Tax Audit Reports. This training course will empower you with knowledge in the different kinds of audits, from internal and independent audits to the tax audits that are initiated by the government, and reviews of key audit processes.

• Learn the definitions of complex tax-related terminologies
• Gain a deeper understanding of why tax is levied and what it is used for
• Study the concept of and steps for tax audit preparation
• Identify scenarios in which tax reports and audits may be necessary
• Describe the main goal of tax audits
• Explore how the tax audit space will be impacted by technology
• Identify the best time to prepare for tax audits
• Recognize the idea of tax independence and apply it in a scenario
• Identify the similarities and differences between tax audits and regular audits
• Identify how not-for-profit tax audits and government tax audits differ from regular tax audits
• Explore how to conduct an audit from its inception to taking corrective actions
• Recognize the difference between tax audits and due diligence projects

This course is targeted at:

• Taxpayers
• Tax agents
• Tax advisors
• Tax auditors
• Legal counsel and lawyers
• Tax advisers
• General tax practitioners
• Tax practitioners in advisory firms
• Beginners in tax commercial and trade industries
• Government officials
• In-house tax directors/managers
• Tax regulation bodies
• Financial analysts

• Introduction to Tax Audit
• Taxes for Small Businesses
• Tax Strategies for Businesses
• Managing Taxes
• Important Tax Procedures
• Income Tax
• Auditing I
• Auditing II

A consumption tax is a tax that is claimed by a federal authority on the purchase of any (most) goods or service. It can also refer to a taxing system in which individuals are taxed based on how much they consume instead of how much they put into the economy (i.e. income tax).

There are various consumption taxes and they are known by different names depending on the country in question. Each type requires something different from the business owner, but the bottom line is that the end customer pays the tax. Because they are the ones consuming the end product, the ‘consumption’ tax is mostly absorbed by the end-users.

This training course will empower you with knowledge on how to prepare sales invoices and credits with and without discounts and sales tax, recognize the elements of an invoice, and understand the impact of consumption taxes on sales transactions.

• Learn how to prepare and read credit notes
• Describe the main details of a statement and its purpose
• Carry out cross totting exercises
• Describe the purchasing process and documents involved
• Describe the principles of consumption tax
• Carry out sample creditor reconciliations
• Evaluate case studies with different tax laws in various regions
• Calculate the consumption tax
• Explain the importance of an invoice and what details you will find on an invoice
• Understand how to create and read a purchase invoice

This course is suitable for:

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

• Introduction
• Understanding Consumption Taxes
• Sales
• Purchases
• How to Calculate Sales Tax and How to Collect It
• How to Record and Document Sales Tax Activity
• How to File Sales Tax Returns
• Accounting and Tax Compliance
• Consumption Tax in the Field of Arts

Many tax administrations are digitizing their interaction with enterprises, reshaping digital filing and reporting requirements and digitizing their audit techniques. However, the challenges of disruption in the tax world are becoming more and more evident. Fast-paced and inconsistently designed changes to the tax policies and the administration processes are issues that are affecting taxpayers especially hard as they struggle to keep up with it. The problem is largely due to the improper use of innovative digital technologies in the field of tax administration.

Why is the ‘Digital Transformation of Tax Administration’ course so pertinent in today’s world? The more organizations that go digital, the higher the clear similarities with the base erosion and profit shifting (BEPS) project. Tax authority digitalization seeks to crack down on evasion and fraud.

This Digital Transformation of Tax Administration training course will empower you with insight into digital transformation initiatives in a tax administration context, allowing participants to learn about the innovative projects and tools that are already being used, including cutting-edge technological solutions such as data analytics models, electronic invoicing, online services, machine learning and VAT risk management.

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

• Evaluate the possibility of obtaining tax information electronically
• Think about integration with other data sources internal or external to the tax agency
• Enable improvements in the processing time and improve compliance and transparency
• Learn how build a 360-degree view of the taxpayer
• Consider integrating with advanced analytics for detection of anomalies to all data collected
• Recognize the importance of case selection and case management
• Using predictive analytics to identify defaulters based upon different data sources

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
• In-house tax directors/managers
• Tax regulation bodies

• Pressure Outside-In
• Embracing Technology
• Altering the Dimensions of Work
• Changing Established Processes
• Rethinking Resourcing
• Assessing Organizational Maturity
• Mapping the Way Forward
• Let the Modernizing Begin

This course on International Taxation Law provides its participants with the means to become completely informed about the discussions of international taxation laws by describing the fundamentals and procedures of international tax law, as well as tackling current incidents and the moral characteristics of tax preparation.

This International Taxation Law course consists of an interactive curriculum including a series of lectures, each focusing on a specific aspect of international taxation, particularly pertaining to double taxation treaties and their application in practice.

The course is designed for participants who already have a good knowledge of international tax law but who wish to obtain a more in-depth understanding of latest developments in topical international tax law disputes, and how they influence the use of double taxation treaties. This training course will empower participants with knowledge in both the practical and theoretical aspects of trade and tax law.

Upon completing this International Taxation Law course successfully, participants will study:

• Planning taxes in light of the latest international case laws
• Dealing with the impact of tax anti-avoidance measures
• Managing substance to dismantle anti-avoidance tools – how to get the right level of substance
• Setting up taxation structures to effectively plan indirect transfers of real estate
• Recent case law and domestic law developments concerning anti-abuse measures from around the globe

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

• International Tax Planning – Base Case
• Fundamentals of Tax Treaties
• Fundamentals of Value Added Tax
• Design of Corporate Tax Laws Systems
• Principles of International Taxation & Tax Treaties
• International Tax Planning
• Transfer Pricing
• European Union Law & Fiscal State Aid
• Double Taxation Relief
• Tax Planning & Ethical Dimensions

This course encompasses a comprehensive array of taxes such as value-added tax, personal and commercial income tax, excises, property tax, trade taxes and taxes on natural resources. The usage of macroeconomic models, micro-simulation models and typical taxpayer models are also included in this program.

The course also focuses on the technical and official aspects of revenue forecasting and tax policy analysis, where it delivers an outline of the quantitative approaches that are required to forecast and assess the revenue implications of variations in major taxes like personal income taxes, commercial income taxes, value-added taxes, and international trade taxes. The course also highlights the need for establishing a robust institutional framework to sustain the revenue forecasting process.

This training course will empower participants with both conceptual and practical approaches and employs hands-on activities to support learning, which include quizzes and quantitative exercises with real fiscal data.

• Describe the role of tax policy and revenue forecasting in the budget-making process.
• Identify good practices relating to the institutional framework that supports the tax policy and revenue forecasting process.
• Identify data requirements for each method of tax policy and revenue forecasting.
• Apply macro-based models for tax policy and forecasting tax revenue.
• Apply input-output models and microsimulation techniques to analyze tax policy and the distributional implications from indirect and direct taxes.
• Recognize the strengths and limitations of different models.

• Tax agents
• Tax advisors
• Tax auditors
• Legal counsel and lawyers
• Tax advisers
• General tax practitioners
• Tax practitioners in advisory firms
• Beginners in tax commercial and trade industries
• Government officials from revenue authorities and finance ministries
• In-house tax directors/managers
• Tax regulation bodies
• Financial analysts

• Tax Analysis
• Different Types of Tax Policies
• Tax Administration & Compliance
• Revenue Forecasting
• Computer Applications
• Empirical Techniques and Models
• Risk Management, Competition & Incentives

The Tax Planning Strategies and Management Course is a comprehensive program that helps professionals navigate through the complexities of tax law. This course teaches practical tax planning strategies within new tax regulations and environments. Tax planning and management essentially involves reducing the overall tax liability of a taxpayer through probable deductions, exemptions, and rebates that are still within the boundaries of the law.

By the end of the course, participants will be equipped with strategies to maximize their deductions in the short term and minimize tax exposure in the long term. Sufficient tax planning is conceivably the most crucial step towards financial autonomy and control. It will empower participants with the advantage of being able to control their income and managing their taxes to benefit from the freedom that proper financial management is supposed to bring you.

Upon completing this course successfully, participants will be able to:

• Prepare tax accounts and file taxes
• Gain useful awareness into the numerous techniques and methods involved in Tax Planning
• Differentiate distinctly between Tax Avoidance, Tax Aversion, and Tax Planning
• Practice with various tools of Tax Planning and recognize which ones would be suitable in various situations
• Understand why tax planning, control, and management are all an equal part of the process
• Gain practical insight by reading case studies and participating in discussions with professionals in the field of taxation
• Evaluate various strategies to make taxation laws work in their favour

• Accountants
• Tax advisers
• General tax practitioners
• Tax practitioners in advisory firms
• Tax specialists in commercial and trade industries
• Government officials
• In-house tax directors/managers
• Tax regulation bodies
• Individuals interested in financial planning
• Small to medium-sized enterprises
• Company secretaries

• Introduction
• Tax Definitions and filling
• How the Tax System Works
• Tax planning & Strategies
• Tax Reform
• Tax Planning and Exemptions
• Agriculture Income and Exemptions
• Income from House Property
• Income from Other Sources
• Clubbing of Income and Capital Gains
• Tax Saving Strategies & Explanations
• How you can Charge for Tax Planning
• Tax Planning – Build & Scale a Profitable Business
• Deductions and Tax Planning

The “Certificate in International Taxation Principles and Practices to Combat Tax Evasion and Tax Avoidance” is a program for tax professionals who want to govern cross-border tax operations effectively, maintain their competitive edge in international taxation, and eventually be universally recognized as qualified experts in international taxation principles and the combat of tax evasion and avoidance.

This course discusses an additional set of policy-related matters, such as the suitable level of resources to dedicate to administration and implementation, and how those resources should be employed. Due to the variety of policy instruments that can affect the scale and type of tax avoidance and evasion response, the elasticity of the response itself becomes a part of the implementation of the policy.

This training course will empower you with a professional certificate of acknowledgement which endorses that you have pursued a thorough learning curriculum in international taxation principles, and therefore give you an enhanced recognition in the international tax community.

Upon completing this course successfully, participants will:

• Learn about different approaches used to detect tax fraud and evasion, including the platform on Tax Good Governance
• Gain guidance on how to effectively address the risks when identifying tax fraud and evasion
• Learn how avoidance, evasion and non-compliance can be seen in a wide range of actions across different factions of customers
• Understand potential ways of liaising with the governmental agencies, taxpayers and the public with the objective of building the taxpayers’ confidence in the tax system
• Study the proportionality of risk-based prevention procedures, top level commitment, risk assessment, due diligence, communication, training, monitoring, and review
• Recognize how to fight tax avoidance/evasion
• Detect and examine high-risk individuals and companies and the suppression of organized tax fraud
• Evaluate different tax fraud mechanisms

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

• Principles of International Taxation
• Fundamentals of Tax Analysis
• Advanced International Taxation
• Principles of Corporate and International Taxation
• Normative Analysis
• Transfer Pricing Option
• State Practice in Exercising Tax Jurisdiction
• DTC Provisions Relating to Investment Income and Gains
• International Tax Avoidance
• Domestic Law Approaches to International Tax Avoidance
• Co-operation Between Revenue Authorities
• Conventions for Administrative Assistance in Tax Administration