Complete VAT Training training centre in Bangladesh

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Complete VAT Training

  • Date : 23 October - 25 November 2019
  • Duration : Evening(6.30pm-9.30pm)
  • No. of Classes/ Sessions : 10 sessions
  • Class Schedule : Monday and Wednesday
  • Total Hours : 30
  • Last Date of Registration : 21 October, 2019
  • Venue : Bdjobs Training, BDBL Building (Level 19), 12 Kawran Bazar C/A, Dhaka 1215.

Introduction

This module includes All changes of VAT Act, SRO, Rate of duty, in this FY And Special attention at VAT & VAT at source applicable for A) Limited Company, 2) Bank, 3) Insurance, 4) NGOs , 5) Financial Institutions & others.

France in 1954 and Bangladesh in 1991 has introduced VAT. At present approximately 147 countries are exercising VAT in the world. Since inception of VAT Government has been modernizing and simplifying this tax policy. This FY there are also many changes in Acts, Rules, SROs and Regulations as part of its simplification. To clarify all dilemma and changes, first we need to understand than to be understood. To minimize cost of business & pay VAT perfectly we have to fill up the gap between theory and practice.

At the end participants will be able to know:
* Latest changes in this FY budget
* Back ground, History, mission & role of VAT
* VAT on trade, manufacturer, supply, services, VAT at source
* Specially VAT on Limited Co. Bank, Insurance, NGOs
* Self assessment, rebate, exemption & exception
* Value, VAT calculation, return & accounting
* Dispute settlement and what not.

Methodology

Interactive Lecture
PowerPoint Presentation
Group Discussion

Contents of Training:

First session
1. Brief history, Background, Mission & role of VAT
2. National Board of Revenue (NBR) at a glance
3. NBR roles in import & Export product
4. General features of VAT (Indirect taxation) system of Bangladesh

Second session
5. VAT at manufacturing & trade point
6. How does VAT works, Tax liability, net work & value addition
7. Characteristic & Input tax credit mechanism of VAT
8. VAT- able product, services, VAT exemption & tax rate
9. Cottage industry & turnover tax
10. Registration process of manufacturer, services, traders & importer
11. Stages of VAT, when it payable & how?

Third session
12. ECR & advance trade VAT
13. Value calculation & payment of tax
14. Tariff value, Excise duty & obligation of VAT unit
15. When to pay? & mode of payment
16. Submission of return, Record keeping & Right of Tax payer
17. Offence, penalty, adjudication & dispute statement
18. Dispute & Need

Forth session
19. VAT at Service sector
20. Network/Scope, Exemption, calculation
21. Registration process
22. Tax base/procedure of VAT
23. Truncated base &VAT at source
24. VAT payment &collection System
25. Central Registration Process
26. VAT on Banking & Insurance Sector
27. Hotel, Restaurant, Construction firms and Building Developer
28. VAT system on Export, Deemed Export and Bond
29. Various reporting Under VAT law
30. Refund system

Five session : Valuation System
31. Tax base & determination of assessable value for VAT
32. Different kinds of value
33. Legal provision
34. Declaration & Calculation of value
35. Components of value
36. Value approvals

Six session : Adjudication & Appeal
37. What is Adjudication?
38. Offences for adjudication
39. Power of adjudication
40. Imposition of penalties
41. Adjudication process

Seven session : Record Keeping and Accounting in VAT
42. Importance of record keeping in VAT
43. Obligation & Record keeping
44. Characteristics of VAT as a tax system
45. Record keeping (mainly)
46. Commercial documents
47. VAT Accounting and Payment Procedures:

Eight session : Practical
48. Different forms required to know
49. Register maintain (Mushuk; 16,17,18)

Nine session: Practical
50. Fill up & submission of return

Ten session : Practical
51. Value declaration (Mushuk-1)
52. Required documentation

Question & answer

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Anybody related with trade, commerce and industry can attend the course. Officers and executives dealing with finance and VAT in businesses and industries will be benefited from the course. Chief executives of businesses and industries can attend the course to keep themselves up-to-date regarding VAT matters and to obtain structural knowledge regarding VAT. People doing VAT consultancy can attend the course. Officers and executives of Audit and Accounting Firms can attend the course. All career beginners in private sector can attend the course. Above all, officers and employees of VAT can attend the course.

Resource Person

Md. Lutfor Rahman

Former Member, NBR and Trainer & Consultant Indirect Tax (Customs & VAT)

A science graduate with honours, Md. Lutfor Rahman joined in Bangladesh Civil Service after earned his master’s in Soil Science from Dhaka University and BSC Examination. First, he was posted as Assistant Commissioner of Customs in the year1988. During his service he took extensive management and foundation training at the Customs, Excise & VAT Training Academy and at Bangladesh Public Administration Training Centre.

He was selected to attend and 1) Successfully completed the training Course on Customs formalities in Singapore, 2) Completed a three months training course on VAT management course in UK, 3) Two months Customs valuation & Audit training programme in Japan. 4) Attend a seminar on Risk assessment, profiling, and targeting organized by World Customs Organization in Manila. 5) Experienced study tour in Romania and Sweden to observe ASYCUDA++ and automated system of customs, 6) Attend seminar on Harmonized commodity System (HS code system), organized by Japan and 7) Integrity in Customs Department organized by the WCO, 8) Attended in BIMSTEC, SAFTA multilateral negotiation programmers in India, Nepal, Bhutan & Pakistan. 9) Study tour in Thailand, Malaysia, and Singapore to get knowledge on customs formalities. 10. Attended a seminar on non-communicable disease in Indonesia. 11) Training on valuation & Pre Shipment Inspection in South Africa, 12) Customs valuation & Audit training programme in China, and 13) Leadership Awards fellowship programme on Capacity building for trade, environment and sustainable development in Australia.

Mr. Rahman is directly involved and associated in VAT policy and implementation system since its inception in 1991. He has two years tremendous experience in direct and indirect tax policy and national budget system in Bangladesh and every year he is amending First Schedule (Classification) of the customs administration. Mr. Rahman worked in 19th diverse places and was entrusted with responsibility of revenue collection at key points of the country. Such as Customs House Chittagong , Custom House Dhaka , Zia International Airport, Commissioner Appeal, Director General (Duty Exemption & Drawback), Commissioner Customs & VAT (Rajshahi), Director General at VAT Audit, Intelligence, & Inspection, Commissioner of Customs and VAT in Dhaka North, Commissioner at Custom House, Dhaka, Member, National Board of Revenue & at present he is working as MBA Faculty, American International University Bangladesh; courses: 1.Leadership & Management, 2. Indirect tax (Customs &VAT)

He had a great opportunity to work in Customs Administration Modernization (CAM) project financed by the Word Bank on lien from the National Board of Revenue. Here he worked to develop and formulate international standard and acceptable Customs declaration (BoE) according to UN layout plan. He was also in charge of Customs training programme in CAM project. He takes extensive interest in human resources management with special focus on leadership and integrity. He had given numerous classes and presented seminars, workshops on different Customs and VAT related topics as well as motivational courses on leadership, integrity, Stress & time management to audiences from various professional groups belonging to both private and public sectors. He has been engaged as resource person in different Government, private training institutions and private Universities for the last 12 years in the aforementioned topics. As a resource person he had great opportunity/chance to educate, train & exchange his views more than 7000 participants.

In the year 2010 World Customs Organization recognised and awarded him as a best customs officer for rendering exceptional service to customs administration of Bangladesh Customs under National Board of Revenue. He has been appointed and working as a faculty at AIUB University, Dhaka on two subjects (Taxation and Leadership) since 2014.

Interactive Lecture
PowerPoint Presentation
Group Discussion