Budgetary changes of VAT FY (2024-25) & New Customs Act.

Value Added Tax
" Day Long Workshop "
Registration Last Date: 8 August, 2024
Venue: House# 05 (1st Floor), Flat# A-1, Block # D, Road # 17, Banani, Dhaka -1213 (Classroom)

Introduction:

Valued Added Tax (VAT) and Customs related rules and regulations are very important matter of today’s life. Everybody comes across different aspects of VAT in course of his daily and professional life. Be it an industry or any business house or any government or non-government office, there lies either the need for paying VAT or deducting VAT at source. All retail buyers require knowing the need for and importance of taking VAT Challan. Some manufacturer and traders are importing raw materials by their own. So, it is important for everyone to obtain basic knowledge on VAT and Customs. It is more important for them whose decisions matter for their businesses, industries and offices. Moreover, people dealing with income tax, audit, management, finance, procurement, bills payable etc. Sections in different businesses and industries require knowing many things regarding VAT and Customs, some of those matters are tricky in nature. Updated knowledge in the area is needed to lead a team in corporate houses. An executive or a corporate team leader not only requires to know the rules and regulations currently in practice but for promoting the purposes of the organizations, they require to know what rules and regulations are in the offing that will impact them. The Value Added Tax and Supplementary Duty Act, 2012 (new VAT law) has been passed by the parliament in 2012. Preparatory work is now going on to make the law fully effective from 1 July 2019. The executives and corporate leaders require knowing promptly what are the basic features of the new VAT law and how the new VAT law differs from the VAT law currently in force. The new VAT law shall be implemented through automated system. So, it also requires knowing what shall be the role of the VAT payers in the automated process. VAT deduction at source is a very important aspect of our VAT system today. People serving in the VDS withholding entities require knowing in details the provisions regarding VDS. This program is designed to provide the participants the VAT as well as Customs knowledge in these areas.

How the participants will be benefited after this workshop?

The purpose of this program is to provide the participants basic understanding regarding the features of the new VAT law. Another purpose is to make them understand the features of the automated system through which the new VAT law shall be implemented. In addition, providing working knowledge regarding the provisions of the current VDS system is also a purpose of this training. Thus, attending the program, the participants:

— Can develop knowledge regarding the basic features of the new VAT law & Customs law;
— Can develop knowledge regarding how the new VAT law is different from the current VAT law;
— Can understand the basic features of the automated system through which the new VAT law & Customs law shall be implemented;
— Can understand their role to implement the new VAT law;
— Can understand the basic provisions of current VDS system;
— Can plan strategies for their organizations ahead to face future challenges;
— Can plan strategies for their organizations ahead to reap the benefits of the provisions of the new VAT law;
— Can further develop their career in VAT, customs, finance and management.

Contents of workshop:

*Changes in VAT ACT

*Changes in VAT RULES

*Discussion on the new Customs Act.

Price:

4,000.00৳ 

Course Details
Date
9th August 2024
Time
Day (9:30 AM to 5:00 PM)
Classes / Sessions
1
Class Schedule
Friday
Total Hours
7.5
Anybody desirous of knowing the basic features of Current and new VAT act and Import and Export related Provisions can attend the program. Junior and mid-level executives of businesses, offices and industries dealing with VAT, customs, finance, audit, inventory, management, procurement, HR, supply chain and Career beginners can also attend the program. Senior level managers, owners of industries, businesses, VAT officials and employees, Practitioners of Audit and Accounting Firms, Law Firms, Consultants and others who are planning to develop their career in this area can attend the program.
Arrangement tea, snacks & lunch would be made by the Organizer during the workshop.
Md. Ahasan Ullah
Deputy Commissioner (Customs, Excise & VAT), NBR
Md. Ahasan Ullah, joined in BCS (Customs and VAT) Cadre in 2012. He served as Second Secretary, (Customs, Excise & VAT) of NBR. During his last 11 years of service he has served Dhaka, Chattogram Custom House, Customs Intelligence and Bond Commissionerate in different capacities. He obtained training on Customs and VAT from home and abroad. He regularly conducts training program on VAT and Customs in DCCI, IPDP Training and training programs organized by different Business Groups, Banks and NGOs.

Introduction:

Valued Added Tax (VAT) and Customs related rules and regulations are very important matter of today’s life. Everybody comes across different aspects of VAT in course of his daily and professional life. Be it an industry or any business house or any government or non-government office, there lies either the need for paying VAT or deducting VAT at source. All retail buyers require knowing the need for and importance of taking VAT Challan. Some manufacturer and traders are importing raw materials by their own. So, it is important for everyone to obtain basic knowledge on VAT and Customs. It is more important for them whose decisions matter for their businesses, industries and offices. Moreover, people dealing with income tax, audit, management, finance, procurement, bills payable etc. Sections in different businesses and industries require knowing many things regarding VAT and Customs, some of those matters are tricky in nature. Updated knowledge in the area is needed to lead a team in corporate houses. An executive or a corporate team leader not only requires to know the rules and regulations currently in practice but for promoting the purposes of the organizations, they require to know what rules and regulations are in the offing that will impact them. The Value Added Tax and Supplementary Duty Act, 2012 (new VAT law) has been passed by the parliament in 2012. Preparatory work is now going on to make the law fully effective from 1 July 2019. The executives and corporate leaders require knowing promptly what are the basic features of the new VAT law and how the new VAT law differs from the VAT law currently in force. The new VAT law shall be implemented through automated system. So, it also requires knowing what shall be the role of the VAT payers in the automated process. VAT deduction at source is a very important aspect of our VAT system today. People serving in the VDS withholding entities require knowing in details the provisions regarding VDS. This program is designed to provide the participants the VAT as well as Customs knowledge in these areas.

How the participants will be benefited after this workshop?

The purpose of this program is to provide the participants basic understanding regarding the features of the new VAT law. Another purpose is to make them understand the features of the automated system through which the new VAT law shall be implemented. In addition, providing working knowledge regarding the provisions of the current VDS system is also a purpose of this training. Thus, attending the program, the participants:

— Can develop knowledge regarding the basic features of the new VAT law & Customs law;
— Can develop knowledge regarding how the new VAT law is different from the current VAT law;
— Can understand the basic features of the automated system through which the new VAT law & Customs law shall be implemented;
— Can understand their role to implement the new VAT law;
— Can understand the basic provisions of current VDS system;
— Can plan strategies for their organizations ahead to face future challenges;
— Can plan strategies for their organizations ahead to reap the benefits of the provisions of the new VAT law;
— Can further develop their career in VAT, customs, finance and management.

Contents of workshop:

*Changes in VAT ACT

*Changes in VAT RULES

*Discussion on the new Customs Act.