By the end of this course, participants will be able to:

•Comprehend VAT fundamentals, identify compliance requirements, and mitigate VAT fraud risks.
•Navigate withholding tax obligations, apply the correct rates, and understand crossborder implications.
•Calculate taxable income accurately, utilize tax deductions and credits, and handle audits effectively.
•Understand zakat principles, calculate eligible wealth accurately, and ensure corporate compliance.
•Grasp transfer pricing principles, prepare regulatory documents, and resolve
intercompany pricing disputes.

• You will have group discussions, group activities, case studies, and other methods of course facilitation. Participants across different organizations will share their best practices during the training program .  

• Day 1: Value Added Tax (VAT) 

  1. Introduction to VAT:
     • Overview, key concepts, and comparison with other tax regimes.
  2. VAT Compliance and Registration:
     • Registration criteria, deadlines, and managing VAT numbers.
  3. Input and Output VAT:
     • Understanding input/output VAT and their reconciliation.
  4. VAT Invoicing and Documentation Requirements:
     • Preparing proper VAT-compliant invoices.
  5. VAT Exemptions and Zero-Rated Supplies:
     • Identifying exemptions and zero-rated transactions.
  6. VAT Returns and Refunds:
     • Filing accurate VAT returns and claiming refunds.
  7. Case Study Discussion:
     • Exploring VAT fraud cases and practical mitigation strategies.

  Day 2: Withholding Tax (WHT) 

  1. Overview of Withholding Tax:
     • Concept, importance, and the scope of withholding tax.
  2. WHT Obligations and Requirements:
     • Who is liable and how to calculate the correct tax.
  3. WHT Rates and Applicability:
     • Standard rates and treaty benefits under DTAs.
  4. WHT Returns and Documentation:
     • Filing accurate withholding tax returns and maintaining records.
  5. Cross-Border WHT Issues:
     • Implications for cross-border transactions and double taxation avoidance.
  6. WHT Exemptions and Reliefs:
     • Identifying exempt transactions and securing relief.
  7. Case Study Discussion:
     • Assessing real-world WHT compliance challenges using multinational case studies.

  Day 3: Income Tax 

  1. Introduction to Income Tax:
     • Basics, history, and purpose of income taxation.
  2. Income Tax Calculations:
     • Understanding taxable income and computation methods.
  3. Tax Deductions and Credits:
     • Common deductions and credits available to businesses and individuals.
  4. Tax Filing Obligations:
     • Key deadlines, forms, and the process for submitting returns.
  5. Income Tax for Different Entities:
     • Differentiating tax obligations for individuals, corporations, and partnerships.
  6. Tax Audits and Dispute Resolution:
     • Managing tax audits and appeals.
  7. Case Study Discussion:
     • Analyzing hypothetical scenarios involving income tax evasion and legal proceedings.

  Day 4: Zakat 

  1. Introduction to Zakat:
     • Importance of zakat and its basis in religious texts.
  2. Zakat Calculation Methodology:
     • Net income and wealth calculation methods.
  3. Categories of Zakatable Wealth:
     • Identifying zakatable assets and liabilities.
  4. Zakat Eligibility and Distribution:
     • Eligibility criteria for recipients and methods of disbursement.
  5. Zakat Compliance in Business:
     • Obligations for corporate entities and zakat returns.
  6. Zakat Authorities and Regulations:
     • Key regulatory frameworks and enforcement policies.
  7. Case Study Discussion:
     • Evaluating corporate zakat strategies and compliance requirements.

  Day 5: Transfer Pricing 

  1. Introduction to Transfer Pricing:
     • Understanding the fundamentals of transfer pricing.
  2. Transfer Pricing Documentation Requirements:
     • Preparing country-by-country (CbC) reports and master files.
  3. OECD Guidelines and Local Regulations:
     • Understanding OECD principles and regional deviations.
  4. Intercompany Transactions and Arm’s Length Principle:
     • Identifying controlled transactions and ensuring fair pricing.
  5. Transfer Pricing Methods:
     • Different pricing methodologies and their application.
  6. Advance Pricing Agreements (APAs):
     • Managing APAs for predictable tax outcomes.
  7. Case Study Discussion:
     • Solving a real-world transfer pricing issue involving intangible asset transactions.