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TAC102 – Complying with your Tax Obligations

About this Course

 

Taxation has and will always be an integral aspect of the day-to-day running of companies and businesses. In this course we will explore the core principles that underpin the tax system in Sierra Leone. Tax compliance is key for any business to ensure they avoid penalties and other sanctions levied by the tax administration. To further assist businesses, practicing accountants, lawyers and other participants in meeting their tax obligations, this course will build on the foundations of Sierra Leone tax system by delving deeper into tax calculations and introducing compliance aspects of taxation, with particular emphasis on ensuring accurate and timely reporting to avoid tax penalties and interest.

Course Objectives: On completion, you will be able to:

  • Deal with the step by step process of complying with registration, filing and payments.
  • Identify your tax exposures and explain in detail how each exposure is calculated.
  • Explain how exposures are reported and settled, including completing and submitting relevant tax returns.
  • Demonstrate understanding of your record-keeping obligations, specifically identifying records to maintain and how long to maintain them.
  • Identify and calculate penalties and interests for various defaults, including incorrect returns, non-maintenance of records and late payment defaults.
  • Demonstrate understanding of the NRA’s investigative and assessment powers, and your rights of objection and appeal.

Fee: Le 1,200,000 per person.

5% Discount for Women. Additional 5% Discount for Groups of 10+

Course Content

Registration:             Participants will be required to register through our website www.fbs.edu.sl/tac102 for the course and are expected to attend all classes to be eligible to receive a Certificate.

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Course Details

Dates:                  8th, 9th, 15th and 16th December 2020

Time:                   10 am to 12 pm daily

Via:                       ZOOM and Free CANVAS access to notes and course and course materials.

Zoom Details:   Will be sent to all participants when they register.

Fee:                       Le1,200,000 per person. 5% Discount for Women. Additional 5% Discount for Groups of 10+