Corporate & Individual Tax Planning
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Corporate & Individual Tax Planning

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Venue:

Academy of Management & Science (AMS)
House # 89/E, Road # 13/C, Block # E, Banani, Dhaka 1213, Bangladesh
Telephone: +880 (2) 9891190, +880 (2) 8836875, Cell No: (88) 01680878839, (88) 01193070284

Workshop Details

Venue:Academy of Management & Science (AMS)
House # 89/E, Road # 13/C, Block # E, Banani, Dhaka-1213, Bangladesh
Telephone: +880-2-9891190
+880 (2) 8836875
Cell No: (88) 01680878839
(88) 01193070284
Duration: 2 Days (Full day)/16 Hours
Certification: Course Participation Certificate will be awarded

Who Can Attend

Individuals, Business Executives, Managers, Financial Analysts, Accounts Executive, Businessman, Any one.

Methodology

PowerPoint Presentation, Interactive Lecture, Case Study, Classroom exercise, Question and Answer session.

Corporate & Individual Tax Planning

Course Code:

02-FAC-CTP-0001

Overview:

Tax planning is a core issue for corporate body and individual for tax expenditure management. Every person either individual or corporate body always tries to keep his or its tax expense at a minimum level. For this reason one has to be very much updated, As rules & regulations of income tax changes in every year depending on economy’s requirements. Tax incentives play a vital role in tax planning. Corporate Social responsibility (CSR) is a new concept in Bangladesh. People know a very little about CSR activities and which activities are entitled for tax rebates. There is a policy shift of reduced tax rate instead of tax holidays in 48 sectors. All these issues will be highlighted and explained during the training session. Therefore, the training session will provide opportunities to learn for those who want to reduce tax liability and to avoid unnecessary litigation.

Prerequisite:

No specific prerequisites

Duration:

2 Days (Full)/ 16 Hours

Course Objectives:

The course will provide an overall idea of corporate tax as well as individual tax. After completion of the course, participants would be capable to keep their tax liability as minimum as possible by learning risk areas and by utilizing tax incentives in favour of them. Moreover, corporate houses will be able to learn appropriate CSR activities entitled for tax rebate. A new investor would have a choice of newly introduced reduced rate system instead of tax holidays. Indeed reduced rate system is much better than tax holiday. An entrepreneur would be benefited knowing all the updated incentives packages.

Course Details:

1. An overview of Income Tax
- What is tax? Why should we pay tax?
- Important terms & definitions
- Recent change in the tax rate
- Audit provision of universal self (sec-82BB) and risk areas for assesses
- Penalty for non-submission of return and penalty of noncompliance by bank and financial institutions
- How deduction and collection of source may be a means for reducing tax liability?

2. Existing Incentives packages:
- Reduced tax rate-A new approach of Existing tax holiday’s system.
- Comparison between reduced rate and tax holidays-which one is better option for corporate sectors?
- Risk area of incentive packages of Investment (19A, 19AA, 19BBB).
- A surgery of unexplained income investment (19AAA) in capital market and how one can get maximum tax benefit.
- Share capital gain (Sec-32(7))
- Income tax fully exempt from tax.
- Tax exemption in respect of foreign remittance.

3. How fiscal incentives could be used to minimize tax liability for corporate sector as well as individual?
- Tax rebate incentives for assess being resident.
- Corporate social responsibilities (what it is and related SRO)
- What CSR activities are entitled for tax rebate?
- Initial depreciation & accelerating depreciation.
- Incentives for salaried person.

4(a). Risk areas which to be addressed care fully for minimizing tax liability
- Personal loan (sec-19(21))
- Trading liability
- Entertainment expenses (rule-65c)
- Sampling expenses
- Any kind of gift
- Equity must be received by cross cheque or bank transfer (sec-19(24))

4(b). Areas of litigation and how it can be minimized
- Failure to pay advance tax (sec-125),
- Penalty for non compliance with notice(sec-126)
- Failure to pay tax on the basis of return (Sec-127)
- Penalty for concealment of income (Sec-128)
- Punishment for non-compliance of certain obligations (Sec-164)
- Punishment for false statement in verification (Sec-165)
- Punishment for concealment of income (Sec-166)
- Appeal forum-Appellate Joint Commissioner/The Commissioner (Appeals), Appellate tribunal, Trial by Special judge, High court Division and Appellate Division.

Training Calendar

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AMS Campus Facilities

  • Two Air conditioned seminar halls with projector & audio system [Maximum Capacity up to 50 persons] including video recording capacity.
  • Two different PC Labs (Air conditioned)
  • Centralized server
  • Internet / WIFI facilities
  • Practice facilities in LABS
  • Online Exam Centre
  • Cafeteria & Own cook facility
  • Large lobby with natural surroundings
  • Huge Parking Space
  • Waiting Lounge
  • Distance education facilities
  • Printer, Scanner etc logistics facilities
  • Special Guest Room
  • Registration Booth Arrangement Space
  • 3 Star Accommodation arrangements for foreign guests on demand in walking distance from the center.
    ………and many more

Contact AMS

Academy of Management & Science (AMS)
House #450, Road # 31, New DOHS,Mohakhali, Dhaka-1206, Bangladesh
Cell No: (88) 01616004108
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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