Training details | CA Ripon

Training on Tax & VAT Management

“Tax & VAT Management Training” program provides comprehensive insights into the complexities of tax and VAT obligations for businesses and individuals alike. Delivered by experienced professional, this program equips participants with the necessary tools and knowledge to effectively navigate tax regulations, ensure compliance, and implement tax-saving strategies. Whether you’re looking to understand the basics or dive deep into advanced tax planning, our course is designed to enhance your financial decision-making and optimize your tax efficiency. Join us to gain the confidence and skills needed to manage your tax and VAT responsibilities successfully.

Module of Tax Management Training

Tax Management module, covered both corporate and personal income tax, offers expert-led courses to demystify tax laws and optimize financial outcomes. Through interactive sessions, participants will learn essential tax planning, compliance, and saving strategies, empowering them to navigate tax responsibilities with confidence and efficiency.

Class 1 - Tax management in Bangladesh

Topics Covered - Difference between direct tax and indirect tax - Income Tax Authorities - Difference between income year and assessment year - Tax Rate for Individual & Company - Different Heads of Income

Class 2 - Introduction to Individual Income Tax

Topics Covered - Who to file income tax return ? - When return filling is mandatory ? - Proof of submission of return - When to file income tax return ? - Time extension of filling tax return - Tax calculation in case return submitted after deadline - Tax slab for individual

Class 3 - Investment Tax Allowances

Topics Covered - What is investment tax allowance ? - Who will get investment tax allowance ? - How investment tax allowance calculated ? - Allowable investment options - Practical scenario of investment tax allowance - Documents in support of investment tax allowance

Class 4 - Practical Preparation of Individual Income Tax

Topics Covered - Preparation of income tax based on actual scenario (two files) - Awareness when preparing the tax return - Documents to be submitted with tax return

Class 5 - Introduction to Corporate Income Tax

Topics Covered - When to submit corporate tax return ? - Tax day determination for a corporate - Understanding of Audited Financial Statement - Expenses allowable under Income Tax Act 2023 - Expenses not-allowable under Income Tax Act 2023 - Preparation of income tax return for a company - Documents to be submitted with tax return

Class 6 - Preparation of Corporate Income Tax Return

Topics Covered - Preparation of corporate income tax based on actual scenario (two files) - Awareness when preparing the tax return - Documents to be submitted with tax return

Class 7 - Tax Deduction at Source (TDS)

Topics Covered - TDS Mechanism - Laws & Rules regarding TDS - When to deduct Tax at source - Tax deduction vs Tax Collection - Details of Tax Collection at Source (TCS) - Consequence if VAT is not deducted/ collected at source - Submission of TDS to govt exchequer - Penalty for not depositing TDS - Preparation of TR Challan

Module of VAT Management Training

VAT Management Module equips participants with a deep understanding of VAT regulations and compliance strategies. Led by industry experts, this concise program focuses on practical approaches for managing VAT obligations effectively, ensuring accuracy, and optimizing VAT-related financial outcomes.

Class 1 - VAT Foundation & VAT Knowledge

Topics Covered - A short history of VAT in Bangladesh - What is VAT ? - Meaning of VAT to the consumers & Business - What is VAT Cycle ? - How VAT Cycle work ? - Different rates of VAT and features of Standard rate - How to determine the VAT rate for any product and services ?

Class 2 - VAT Registration

Topics Covered - Eligibility for VAT registration or Turnover tax enlistment - When is VAT Registration mandatory? - Online VAT Registration procedure - Documents to be attached for registration - Awareness when filling up the VAT registration form - Compliance after taking VAT registration

Class 3 - VAT Practice & Compliance

Topics Covered - VAT Books of Accounts - VAT Documentation & VAT Invoices - VAT challan require to do the business - Required activities of VAT to the Business - Practical preparation of VAT Books of accounts (VAT 6.1, 6.2, 6.1.2, 6.3, 6.4, 6.5, 6.6, 6.7, 6.8, 6.9, 6.10)

Class 4 - VAT Rebate

Topics Covered - What is VAT rebate ? - Who is eligible to take VAT rebate ? - Definition of Input & Output - Negative list of Input - Conditions of taking VAT rebate - What is partial VAT rebate ? - Documents in support of VAT rebate

Class 5 - Input Output Coefficient

Topics Covered - What is Input Output Coefficient (VAT 4.3) ? - When to submit Input Output Coefficient ? - Who have to submit Input Output Coefficient ? - Consequences of not submitting Input Output Coefficient - Practical preparation of Input Output Coefficient - Documents to be attached with Input Output Coefficient

Class 6 - VAT Deducted at Source (VDS)

Topics Covered - VDS Mechanism - Laws & Rules regarding VDS - When to deduct VAT at source - When VDS is not applicable - Consequence if VAT is not deducted at source - Submission of VDS to govt exchequer - Penalty for not depositing VDS - Preparation of TR Challan - Certificate of VDS (VAT 6.6)

Class 7 - VAT Return

Topics Covered - Time line for submitting VAT return - Time extension for submitting VAT return - Penalty and fine for not submitting VAT return within time - Practical preparation of VAT return (both Manual & Online) - Discussion of VAT Return's Sub-form - AT Adjustment - How VDS showing in the VAT return

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