Advanced Effective Revenue Collection Strategies

Overview:

Introduction:

This training program equips participants with advanced techniques to optimize revenue collection processes. Through innovative strategies, participants learn to enhance revenue streams, reduce leakage, and improve fiscal performance. 

Program Objectives:

At the end of this program, the participants will learn about:

• Be aware of the appropriate adjustments to the revised revenue collection instructions.

• Learn the technical details of the main procedures in the new standards for revenue collection.

• Discover the effects of revenue collection standards that are "rules-based" and "principles-based."

Targeted Audience:

• Accountants.

• Tax consultants.

• Experts in general taxation.

• Tax experts working for advising firms, commercial and trade sectors.

• Government employees and institutions.

• Internal tax managers or directors.

• Tax enforcement agencies.

Program Outline:

Unit 1:

Introduction:

• Overview of Revenue Collecting.

• Must Increase Tax Revenue.

• OECD Recommendations.

• Budgetary Policy.

• Revenue as a Percentage of GDP.

• GDP to Tax Ratio: Some Statistics.

• Belief in the Government and Governmental Outlays.

• State Tax vs. Federal Tax.

Unit 2:

Types of Revenue:

• Income Tax.

• Corporate Tax.

• VAT / Sales Tax.

• Custom Duty.

• Excise Duty.

Unit 3:

Increasing the Tax Base:

• Mandatory Sales Tax/VAT Registration.

• Support for Self-Evaluation.

• Fair and Effective Refund Procedure.

• Having Productive Interactions with Taxpayers.

• Streamline the Tax System.

Unit 4:

Additional Indirect Methods:

• Tax Payments and Other Transactions are Linked.

• Internet/Mobile Usage.

• Matching Sales Tax to Purchases/Sales.

• The Implementation of Turnover Taxes or Fixed Taxes.

Unit 5:

Budget:

• Budget Formulation.

• Stakeholders in the Budget Exercise.

• Budget Implementation.

Unit 6:

The Federal Tax Authority's Functions:

• Reforms to the Tax Code Reduce Exemptions.

• A Sizeable Taxpayer Unit.

• Advance Tax Closing Loopholes Introduction.

• Reduce Corruption Effective System Performance Analysis of the M.I.S.

• Timely and Accurate Information.

Unit 7:

Tax Department Governance:

• Better Governance.

• Efficacious Board of Directors/Governance Composition.

• Adding Independent Directors and Other Experts.

• Consequences of Poor Leadership.

Unit 8:

The Significance of Internal Audits:

• The Requirement for Internal Controls.

• Successful Internal Inspections.

• Dependable Auditing System.

• Internal Auditor's Function.

Unit 9:

Tax Policy Evaluation:

• Assessing Tax Policy Effectiveness.

• Impact Analysis of Tax Reforms.

• Evaluating Tax Incentives and Expenditures.

• Cost-Benefit Analysis of Tax Policies.

• Stakeholder Consultation and Feedback.

Unit 10:

International Taxation:

• Overview of International Taxation Principles.

• Double Taxation Treaties and Agreements.

• Transfer Pricing and Cross-Border Transactions.

• Tax Havens and Offshore Financial Centers.

• Global Tax Compliance and Reporting Standards.