VAT & Tax Management Training

• All levels of employees in both corporate and government sectors.
• All Students of ACCA, CIMA, CA.

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.

Module-01

• Foundation
• A short history of VAT in Bangladesh
• Future prospect of VAT Career
• How to be prepared for the VAT career
• How to acquire the required skills to be VAT professional?
• How to use the course materials properly?

Module-02

• VAT Knowledge
• What is VAT?
• Meaning of VAT to the consumers & Business
• What is VAT CYCLE?
• How to work VAT Cycle
• Different rates of VAT and features of Standard rate
• How to determine the VAT rate for any product and services?

Module-03

• VAT Registration
• When is VAT Registration mandatory?
• Online VAT Registration procedure
• Documents to be attached for registration
• Awareness when filling up the VAT registration form
• What have to do after taking VAT registration

Module-04  

• VAT Practice & Compliance
• VAT Books of Accounts
• VAT Documentation & VAT Invoice
• VAT challan require to the business
• Required activities of VAT to the Business
• VAT Rebate Mechanism, Eligibility, Adjustment procedure

Module-05

• Input-Output Coefficient
• HS Code
• Bill of Entry
• When to file input output coefficient
• Input-Output Coefficient details
• Preparation of input output coefficient

Module-06

• VDS
• VDS Mechanism
• Laws & Rules regarding VDS
• When to deduct VAT at source
• When VDS is not applicable
• Submission of VDS to govt exchequer
• Penalty where failure to VDS
• Preparation of TR Challan

Module-07

• VAT Return
• Online and Manual
• VAT Return
• VAT Return Subform
• AT Adjustment
• Penalty and fine

Module-01

• Tax management in Bangladesh
• Difference between direct tax and indirect tax
• Income Tax Authorities
• Difference between income year and assessment year
• Tax Rate for Individual & Company

Module-02

• Tax calculation from different heads of Income
• Heads of Income
• Calculation of income under different heads of income

Module-03

• Introduction to Individual income tax
• When return submission is mandatory
• When to submit income tax return
• Where to submit income tax return
• Investment tax rebate mechanism
• Allowable investment

Module-04

• Preparation of Individual Tax return file
• Preparation of income tax based on actual scenario
• Awareness when preparing the tax return

Module-05

• Introduction to Corporate tax
• Introduction to Corporate tax
• Understanding of Audited Financial Statement
• Preparation of income tax return for a company
• Company tax assessment