Introduction

The “Fundamentals of Taxation” training program is designed by Global Horizon Training Center to provide professionals with a thorough understanding of core taxation principles, practices, and frameworks. With tax regulations evolving globally, understanding fundamental tax concepts is essential for finance professionals, accountants, business managers, and government employees. This course offers a practical foundation in taxation, focusing on both direct and indirect taxes, compliance, and reporting.

Objectives

By the end of the program, participants will be able to:

• Understand key concepts and objectives of taxation.

• Identify the various types of taxes and their application in different jurisdictions.

• Interpret and apply tax laws and regulations correctly.

• Prepare and review basic tax computations and returns.

• Understand the role of tax planning and compliance in business decision-making.

• Analyze the implications of taxation on business operations and financial planning.

• Recognize international tax principles and treaties affecting cross-border transactions.

Course Methodology

The course uses a blended learning methodology that includes:

• Interactive lectures and presentations

• Real-world case studies and practical scenarios

• Group discussions and peer learning

• Exercises and tax calculations

• Q&A sessions with tax experts

• Pre- and post-assessments to gauge progress

Organizational Impact

Organizations that nominate employees to this course will benefit through:

• Improved tax compliance and reduced legal exposure.

• Enhanced internal control over tax-related processes.

• Efficient handling of tax planning and strategy.

• Better alignment of business operations with tax regulations.

• Reduced risk of fines and penalties through improved reporting accuracy.

• Increased confidence in managing audits and tax authority inquiries.

Target Audience

This course is ideal for:

• Accountants and finance professionals

• Tax officers and compliance managers

• Business owners and entrepreneurs

• Auditors and legal advisors

• Public sector officials working in revenue departments

• Professionals seeking a career in taxation

Outlines

Day 1: Introduction to Taxation and Legal Frameworks

• Definition and objectives of taxation

• History and evolution of tax systems

• Types of taxes: direct vs. indirect

• Tax jurisdictions: national vs. international

• Legal environment and regulatory authorities

• Roles and responsibilities of taxpayers

Day 2: Personal and Corporate Income Tax

• Personal income tax fundamentals

• Allowances, deductions, and exemptions

• Corporate income tax structure and rates

• Calculation of taxable income

• Filing tax returns and documentation

• Common errors and audit triggers

Day 3: Indirect Taxes (VAT, GST, and Others)

• Understanding Value Added Tax (VAT)

• Goods and Services Tax (GST) vs. VAT

• Excise duties and customs taxes

• Taxable supplies and exempt goods/services

• Input and output VAT reconciliation

• Recordkeeping and VAT return filing

Day 4: Tax Planning and Risk Management

• Principles of tax planning

• Legal vs. illegal tax avoidance

• Common tax planning strategies for individuals and businesses

• Identifying and managing tax risks

• Preparing for tax audits and inspections

• Dealing with tax disputes and appeals

Day 5: International Taxation and Emerging Issues

• Double taxation and tax treaties (DTTs)

• Transfer pricing principles

• OECD and BEPS (Base Erosion and Profit Shifting) framework

• Digital economy and e-commerce taxation

• Ethical considerations in taxation

• Course summary and final assessment