Mastering Taxation

 

By popular demand, we are re-running our Mastering Taxation series updated for the Finance Act 2016. Seven half-day sessions will cover several aspects of taxation, as follows:

Basics of Income Tax - 21 October 2016

Businesses are taxed on their chargeable income. To ensure that the right amount of tax is paid, it is vital that taxpayers understand the rationale behind why an item of income is taxed and an expenditure is deductible. 

This course will cover the basic principles of income taxation in Mauritius, the difference between trading income and capital gain, the concept of exempt income, the taxability of foreign income and the application of foreign tax credit. Also, companies are often confronted with difficulties in identifying when an expense is deductible. Any expense which is ordinary and necessary for your business is generally deductible, but not all expenses are fully deductible. 

At the end of the course, attendees should be able to differentiate between taxable and non-taxable income, and evaluate the deductibility of an expense based on the latest case laws and rulings on the topic.

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Other Aspects of Income Tax - 22 November 2016

Companies are not only liable to corporate tax but are also subject to a whole range of other taxes depending on their industry. 

The course will explore other aspects of taxation such as Advance Payment System, Corporate Social Responsibility obligations, Tax deduction at Source together with any special levy applicable to companies operating in certain sectors. 

At the end of the course, attendees will have a broader understanding of taxation, the application and mechanics of different taxes, as well as gain an understanding of the overall level of taxation on their businesses.

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International Aspects of Income Tax - 24 January 2017

Businesses are constantly faced with cross-border tax issues whether when investing abroad, dealing with an overseas parent or subsidiaries, restructuring, undertaking contracts abroad, etc. 

The course will cover the fundamentals of international tax, such as the concept of residence, overseas branch, foreign source income, application of double tax treaties and permanent establishment. 

At the end of the course, attendees will gain an understanding of the tax risks and implications of dealing across jurisdictions, be comfortable in addressing such issues and seek to optimise returns on cross-border contracting.

International Aspects of Income Tax

24 January 2017

Businesses are constantly faced with cross-border tax issues whether when investing abroad, dealing with an overseas parent or subsidiaries, restructuring, undertaking contracts abroad, etc. 

The course will cover the fundamentals of international tax, such as the concept of residence, overseas branch, foreign source income, application of double tax treaties and permanent establishment. 

At the end of the course, attendees will gain an understanding of the tax risks and implications of dealing across jurisdictions, be comfortable in addressing such issues and seek to optimise returns on cross-border contracting.

 

Tax Investigation - The Objection and Appeal Process

21 February 2017

With the increasing focus by the MRA to enhance compliance, tax investigations are becoming a common feature. 

This course will cover the different stages in a tax investigation process and explain how best to handle the administrative and legal procedures, including the preparation of the grounds of objection and appeal, as well as a statement of case, where appropriate. Dealing with tax authorities can be a daunting and stressful experience for finance staff. 

At the end of the course, attendees will understand the tax investigation processes, the taxpayers' rights as well as learn how best to handle requests from tax authorities.

 

PAYE - An Overview

21 March 2017

Many employers find their PAYE responsibilities onerous and it creates problems for both employers and employees. Businesses often face difficulties in setting up new staff, making changes to information already filed or determining the treatment of a benefit in kind for an employee and whether this should be taxable. 

This course will cover the basic fundamentals of PAYE in terms of the definition of emoluments, deduction in connection with employment, exemptions/reliefs, international tax aspects for expatriates as well as other compliance requirements. 

At the end of the course, attendees will have a good technical understanding of PAYE to help their businesses improve their PAYE processing and mitigate any tax risk.

 

Input VAT and VAT Administration

20 April 2017

Recovery of input VAT is a complex area as not all input VAT incurred by a company can be claimed. Input VAT in respect of certain expenses (such as accommodation, motor cars, etc.) are simply not recoverable while VAT incurred on common expenses should be apportioned where a company makes both taxable and exempt supplies. Often, companies face difficulties in administering adequate VAT recording systems and therefore end up offsetting irrecoverable input VAT against their output VAT. Such practices may expose businesses to significant risk of penalties and interests as the company is over-claiming input VAT. 

At the end of the course, attendees will have a solid knowledge of the mechanics of input VAT to help their businesses improve their VAT system and reporting in order to mitigate the risk of under/ over recovery of VAT.

 

Output VAT on Transactions

25 May 2017

Whilst Value Added Tax (“VAT”) is a tax on consumption born by the final consumer, the supplier has the obligation to comply with the relevant laws and regulations. Not charging VAT on the right amount or at the right time may lead to considerable tax exposure. A sound knowledge on how, when and on what to apply VAT is becoming increasingly important given the diversity of supplies, both in terms of goods and services. 

At the end of the course, attendees will understand when a business should register or impose VAT, what are the different types of supplies, as well as the VAT treatment for certain specific transactions, such as recharges.

 

International Aspects of Income Tax

24 January 2017

Businesses are constantly faced with cross-border tax issues whether when investing abroad, dealing with an overseas parent or subsidiaries, restructuring, undertaking contracts abroad, etc. 

The course will cover the fundamentals of international tax, such as the concept of residence, overseas branch, foreign source income, application of double tax treaties and permanent establishment. 

At the end of the course, attendees will gain an understanding of the tax risks and implications of dealing across jurisdictions, be comfortable in addressing such issues and seek to optimise returns on cross-border contracting.

 

Tax Investigation - The Objection and Appeal Process

21 February 2017

With the increasing focus by the MRA to enhance compliance, tax investigations are becoming a common feature. 

This course will cover the different stages in a tax investigation process and explain how best to handle the administrative and legal procedures, including the preparation of the grounds of objection and appeal, as well as a statement of case, where appropriate. Dealing with tax authorities can be a daunting and stressful experience for finance staff. 

At the end of the course, attendees will understand the tax investigation processes, the taxpayers' rights as well as learn how best to handle requests from tax authorities.

 

PAYE - An Overview

21 March 2017

Many employers find their PAYE responsibilities onerous and it creates problems for both employers and employees. Businesses often face difficulties in setting up new staff, making changes to information already filed or determining the treatment of a benefit in kind for an employee and whether this should be taxable. 

This course will cover the basic fundamentals of PAYE in terms of the definition of emoluments, deduction in connection with employment, exemptions/reliefs, international tax aspects for expatriates as well as other compliance requirements. 

At the end of the course, attendees will have a good technical understanding of PAYE to help their businesses improve their PAYE processing and mitigate any tax risk.

 

Input VAT and VAT Administration

20 April 2017

Recovery of input VAT is a complex area as not all input VAT incurred by a company can be claimed. Input VAT in respect of certain expenses (such as accommodation, motor cars, etc.) are simply not recoverable while VAT incurred on common expenses should be apportioned where a company makes both taxable and exempt supplies. Often, companies face difficulties in administering adequate VAT recording systems and therefore end up offsetting irrecoverable input VAT against their output VAT. Such practices may expose businesses to significant risk of penalties and interests as the company is over-claiming input VAT. 

At the end of the course, attendees will have a solid knowledge of the mechanics of input VAT to help their businesses improve their VAT system and reporting in order to mitigate the risk of under/ over recovery of VAT.

 

Output VAT on Transactions

25 May 2017

Whilst Value Added Tax (“VAT”) is a tax on consumption born by the final consumer, the supplier has the obligation to comply with the relevant laws and regulations. Not charging VAT on the right amount or at the right time may lead to considerable tax exposure. A sound knowledge on how, when and on what to apply VAT is becoming increasingly important given the diversity of supplies, both in terms of goods and services. 

At the end of the course, attendees will understand when a business should register or impose VAT, what are the different types of supplies, as well as the VAT treatment for certain specific transactions, such as recharges.

 

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Tax Investigation - The Objection and Appeal Process - 21 February 2017

With the increasing focus by the MRA to enhance compliance, tax investigations are becoming a common feature. 

This course will cover the different stages in a tax investigation process and explain how best to handle the administrative and legal procedures, including the preparation of the grounds of objection and appeal, as well as a statement of case, where appropriate. Dealing with tax authorities can be a daunting and stressful experience for finance staff. 

At the end of the course, attendees will understand the tax investigation processes, the taxpayers' rights as well as learn how best to handle requests from tax authorities.

View more

PAYE - An Overview - 21 March 2017

Many employers find their PAYE responsibilities onerous and it creates problems for both employers and employees. Businesses often face difficulties in setting up new staff, making changes to information already filed or determining the treatment of a benefit in kind for an employee and whether this should be taxable. 

This course will cover the basic fundamentals of PAYE in terms of the definition of emoluments, deduction in connection with employment, exemptions/reliefs, international tax aspects for expatriates as well as other compliance requirements. 

At the end of the course, attendees will have a good technical understanding of PAYE to help their businesses improve their PAYE processing and mitigate any tax risk.

View more

Input VAT and VAT Administration - 20 April 2017

Recovery of input VAT is a complex area as not all input VAT incurred by a company can be claimed. Input VAT in respect of certain expenses (such as accommodation, motor cars, etc.) are simply not recoverable while VAT incurred on common expenses should be apportioned where a company makes both taxable and exempt supplies. Often, companies face difficulties in administering adequate VAT recording systems and therefore end up offsetting irrecoverable input VAT against their output VAT. Such practices may expose businesses to significant risk of penalties and interests as the company is over-claiming input VAT. 

At the end of the course, attendees will have a solid knowledge of the mechanics of input VAT to help their businesses improve their VAT system and reporting in order to mitigate the risk of under/ over recovery of VAT.

View more

Output VAT on Transactions - 25 May 2017

Whilst Value Added Tax (“VAT”) is a tax on consumption born by the final consumer, the supplier has the obligation to comply with the relevant laws and regulations. Not charging VAT on the right amount or at the right time may lead to considerable tax exposure. A sound knowledge on how, when and on what to apply VAT is becoming increasingly important given the diversity of supplies, both in terms of goods and services. 


At the end of the course, attendees will understand when a business should register or impose VAT, what are the different types of supplies, as well as the VAT treatment for certain specific transactions, such as recharges.

 

Output VAT on Transactions

25 May 2017

Whilst Value Added Tax (“VAT”) is a tax on consumption born by the final consumer, the supplier has the obligation to comply with the relevant laws and regulations. Not charging VAT on the right amount or at the right time may lead to considerable tax exposure. A sound knowledge on how, when and on what to apply VAT is becoming increasingly important given the diversity of supplies, both in terms of goods and services. 

At the end of the course, attendees will understand when a business should register or impose VAT, what are the different types of supplies, as well as the VAT treatment for certain specific transactions, such as recharges.

 

Output VAT on Transactions

25 May 2017

Whilst Value Added Tax (“VAT”) is a tax on consumption born by the final consumer, the supplier has the obligation to comply with the relevant laws and regulations. Not charging VAT on the right amount or at the right time may lead to considerable tax exposure. A sound knowledge on how, when and on what to apply VAT is becoming increasingly important given the diversity of supplies, both in terms of goods and services. 

At the end of the course, attendees will understand when a business should register or impose VAT, what are the different types of supplies, as well as the VAT treatment for certain specific transactions, such as recharges.

 

View more

 

Event details

Venue

  • Hennessy Park Hotel, Ebène

Time

  • Morning Session: 8:30am - 12pm

Cost

  • Fee per course, per patcipent: Rs 6,500
  • Group course fee: Rs 6,000 - (price per course per participant got a group size of 10+ persons)

The Tutors

  • Our tax advisers are professionals from diverse backgrounds, having worked in FTSE 100 companies, leading accountancy firms in the UK, or in local tax administration and tax policy. We tap on this vast experience of cross border transactions, tax compliance, planning, restructuring and investigation to share practical insights into the tax aspects of business transactions. (Read about the facilitators)
     

 

MQA Approved - 3 CPD hours per session

Who Should Attend?

  • Specifically designed for finance managers, financial controllers, accountants, and people dealing with tax related issues on a regular basis.
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