Company Income Tax and SST Records Management

FOCUSING ON

• Overview of Income Tax and SST
• Filing and Payment Procedures
• Maintaining Proper Accounting Records under Income Tax and SST
• Tax Audit and Investigations
• Concept of Reasonable Care [Section 114 (1A) ITA]
• Withholding Tax

COURSE OBJECTIVE
Conducting a business would inevitably involve taxation. Whether Corporate Tax or SST, proper documentation is required when dealing with the tax authorities. This includes providing documentation for deductions on Corporate Tax.

Failure to provide the requisite documentation when required would invite action from the authorities, which may include hefty fines. It is therefore crucial for businesses to ensure proper, adequate and systematic documentation of all transactions to comply with the tax laws and regulations.

Learn how you can develop an effective tax administration and maintain proper accounting records, to not only avoid penalties for non-compliance, but to also ensure you do not face difficulties with claims for deductions and input tax recovery.

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…

1. Understanding The Responsibilities And Obligations Of The Taxpayer
2. Ensuring Proper Documentation Is Maintained In Accordance With Income Tax And SST Regulations
3. Ensuring Proper Records Are Maintained In Accordance With Income Tax And SST Regulations
4. Ensuring Your Company Complies With All Submissions
5. Understanding How Income Tax And SST Impacts Your Business
6. Being Ready For Tax And SST Audits

WHO SHOULD ATTEND

• • Financial Controllers
  • General Managers
  • Corporate Finance Advisors
  • Company Secretaries
  • Accountants
  • Auditors
  • Corporate Planners
  • Accounts, Finance, Audit and Administrative Executives
  • Internal Audit Executives

METHODOLOGY
Interactive learning session with Course Leader-led facilitation, live Q&As, with Case Studies