Details About Our Course
Course Name: “Practical VAT Management”
Presently, about 86% of the total income of government is generated by the National Board of Revenue (NBR) administering three legal instruments, namely: the Customs Act, 1969; the Income Tax Ordinance, 1984 and the Value Added Tax and Supplementary Duty Act, 2012. If we convert the 86% into 100%, then about 38% of it is collected by VAT Act, about 34% by Income Tax Ordinance and about 28% by Customs Act. Due to the impact of globalization and trade liberalization, revenue collection at our import stage is gradually on the decrease. It is anticipated that in the coming 5-10 years, it may be decreased to about 15-20%. Income tax is collected at year-end if there is any profit but VAT is collected on the sale of goods and services. Therefore, VAT offers ample opportunity to realize more revenue. But in our country, a skilled professional community has not yet been developed between VAT payers and VAT collectors rendering the VAT machine not working effectively and calling for imparting proper VAT knowledge to the VAT officials, consultants, lawyers, managers and executives. The VAT and SD Act, 2012 (new VAT law) has come into force on 1 July, 2019. It is most urgent to impart knowledge about the new VAT law to all concerned.
Objectives:
- To impart VAT knowledge to the VAT officials, consultants, VAT agents, lawyers, managers and executives;
- To develop skills of the VAT officials, consultants, VAT agents, lawyers, managers and executives for successful administration of the VAT law;
- To create a VAT environment free from evasion and financial irregularities;
- To develop a VAT system friendly to business, revenue, investment, industrialization and economic growth;
- To develop VAT-skilled professionals to be employed in the VAT system of other countries.
Beneficiaries:
- Executives and managers working in corporate houses in VAT, accounts, bills payable, audit, post-audit, supply chain, procurement etc.;
- Senior managers of businesses and industries;
- Executives, managers and lawyers of law firms, Chartered Accountant (CA) firms and consulting firms;
- VAT officials of the government;
- Fresh graduates and job seekers;
- Those who wish to change their career;
- Those who want to go abroad and work in VAT area.
Expected outcome of the course:
- The working people shall get more skills to work efficiently in the area of VAT management of Bangladesh;
- The fresh graduates shall hopefully find jobs in the area of VAT management of Bangladesh;
- The VAT-skilled persons shall find jobs abroad in VAT management.
Eligibility:
- Minimum bachelor degree.
Collaboration:
The course shall be offered in joint collaboration with proposed International VAT Training Institute (IVTI) and Bangladesh VAT Professionals Forum (VAT Forum).
Course duration:
The course contains a total number of 72 (Seventy-Two) sessions and each session spanning 5 (five) hours.
Total: 360 hours
12 sessions in English, total 60 hours
60 sessions in VAT, total 300 hours
Grand Total: 360 hours
Total: 360 hours
12 sessions in English, total 60 hours
60 sessions in VAT, total 300 hours
Grand Total: 360 hours
Course Fee: 50,000/-BDT
Note: There is a discount of Tk 10,000 on one-time payment, then the course fee is Tk 40,000.
Or can be paid in 5 installments (8,000 each installment) after admission with Tk 10,000 at the time of admission.
