Preamble

In today’s dynamic business environment, understanding taxation is crucial for compliance, risk management, and informed financial decisions. The 5-Day Taxation Workshop equips participants with practical skills in tax management, covering key areas such as income tax, VAT, withholding tax, audits, and compliance. Led by experienced tax practitioners, the workshop provides an interactive platform for tax professionals, accountants, and business leaders to enhance their tax planning capabilities and stay updated on recent tax changes.

Training Objectives

1. Provide participants with a comprehensive understanding of tax laws, regulations, and compliance requirements.
2. Equip participants with practical skills for accurate tax calculation, filing, and reporting.
3. Enhance knowledge of income tax, VAT, withholding tax, and audit procedures.
4. Develop strategic tax planning and risk management skills to minimize tax liabilities.
5. Enable participants to stay updated on recent tax changes and their implications.
6. Foster compliance and ethical practices in tax management.

Training Content

1. Day 1: Introduction to Taxation
   • Overview of tax systems and regulatory frameworks
   • Taxpayer obligations and rights
   • Key tax concepts and definitions
2. Day 2: Income Tax
   • Individual vs. corporate income tax
   • Taxable income and allowable deductions
   • Filing returns and tax payment procedures
3. Day 3: Value Added Tax (VAT)
   • VAT registration and compliance requirements
   • Calculating VAT and filing returns
   • Input and output tax management
4. Day 4: Withholding Tax & Tax Audits
   • Withholding tax rates and applicable transactions
   • Filing and reporting requirements
   • Preparing for tax audits and managing compliance risks
5. Day 5: Tax Planning & Recent Updates
   • Strategic tax planning and optimization
   • Managing tax risks and penalties
   • Overview of recent tax changes and legal updates

Final Assessment & Certification

Participants will undergo a final assessment through a practical exercise or exam to evaluate their understanding of the key concepts. Upon successful completion, they will receive a certificate recognizing their participation and competence in tax management and compliance.

Target Audience

• Accountants and Finance Managers
• Tax Consultants and Auditors
• Business Owners and Entrepreneurs
• Compliance Officers and Legal Advisors
• Government Officials and Regulators

Training Methodology

• Lectures and Presentations – Led by experienced tax professionals
• Case Studies and Practical Exercises – To apply concepts to real-world scenarios
• Group Discussions and Q&A Sessions – For interactive learning and knowledge sharing
• Hands-on Tax Filing and Compliance Simulations – To enhance practical skills