Tax Deduction at Source and VAT Deduction at Sources

Registration Last Date: 23 May, 2024
Venue: House# 05 (1st Floor), Flat# 1-A, Road # 17, Block # D, Banani, Dhaka -1213
  1. Overview of workshop:

TDS & VDS is a very critical part in Taxation management and this course focuses only on the important aspect of VDS and TDS.

In each lesson, real life examples have been used to explain the TDS and VDS issues that you are regularly facing in your corporate life. How to calculate tax and VAT at source if invoice includes tax and VAT or what will be the TDS and VDS amount if invoice issued excluding tax and VAT?

Sometimes, you may fail to deduct or deposit the deducted tax to the government treasury then what will be the procedures to deposit tax? What shall be the penalty amount and how will you calculate the penalty? All these issues are discussed using examples.

Contents of Workshop:

✔ General Discussion on Income Tax, VAT & SD Acts and Rules
✔ Brief discussion on VAT/Tax exempted goods & services
✔ VAT/Tax exempted SRO
✔ What is Withholding VAT/Tax and Who is liable to deduct VAT/Tax
✔ Responsibilities of VAT/Tax deducting Authority
✔ Time frame of depositing of deducting VAT/Tax
✔ Consequences for no deduction of VAT/Tax
✔ Q/A Session

Price:

4,000.00৳ 

Course Details
Date
24th May, 2024
Time
Day: 9:30 AM to 5:00 PM
Classes / Sessions
1
Class Schedule
Friday
Total Hours
7.5
Employees working in Accounts, Treasury, Tax, VAT, MIS, Risk management, Recovery, Commercial, Banking, Costing, Budgeting, Planning, ERP, Supply chain and corporate secretariat department and the Entrepreneurs.
Arrangement for Certificate, Lunch and 2 times Tea would be made by the Organizer during the workshop.
Muhammed Omar Faruk, M. Com, ITP, VC, LLB, FCGA, FFA, FIPA, FCA, CS (Final)
Group CFO, Globe Income Tax & VAT Consultant, NBR

Muhammed Omar Faruk, is a Chartered Accountant, a Fellow Member of the Institute of Chartered Accountants of Bangladesh (ICAB) since 2000.
Mr. Omar Faruk with him an array of experience which ranges from as Corporate Executive to Trainer. During his long professional life of more than 20 years, experienced in the relevant field with Reputed Organizations, like - ACME, Square, N-poly and Walton. Currently serving as CFO in a large group of company in Bangladesh. He has been shouldering a lot of responsibilities in the areas of Direct & indirect taxes, VAT, Strategic planning, Accounting, Risk Management, Finance and Corporate & Legal Affairs. He started is carrier with early 2001 with SEARS Electronics Ltd.as a Dy. Manager and came across this position by serving multiples roles and responsibilities.

He is an enlisted Trainer of Institute of Professional Development Programs (IPDP Training). Author of few Tax Related Books. He is available for academic and career advice. Helping young graduates find their career path and make their mark, in the current world of diverse career and educational paths.

  1. Overview of workshop:

TDS & VDS is a very critical part in Taxation management and this course focuses only on the important aspect of VDS and TDS.

In each lesson, real life examples have been used to explain the TDS and VDS issues that you are regularly facing in your corporate life. How to calculate tax and VAT at source if invoice includes tax and VAT or what will be the TDS and VDS amount if invoice issued excluding tax and VAT?

Sometimes, you may fail to deduct or deposit the deducted tax to the government treasury then what will be the procedures to deposit tax? What shall be the penalty amount and how will you calculate the penalty? All these issues are discussed using examples.

Contents of Workshop:

✔ General Discussion on Income Tax, VAT & SD Acts and Rules
✔ Brief discussion on VAT/Tax exempted goods & services
✔ VAT/Tax exempted SRO
✔ What is Withholding VAT/Tax and Who is liable to deduct VAT/Tax
✔ Responsibilities of VAT/Tax deducting Authority
✔ Time frame of depositing of deducting VAT/Tax
✔ Consequences for no deduction of VAT/Tax
✔ Q/A Session