Income Tax and Vat Training in Nepal
Considering the growing demand of income tax and VAT knowledge, Broadway has been offering career-oriented Income Tax and Vat training in Nepal. The course covers the Income Tax Act, 2058 and Value Added Tax, 2052. The income tax act imposes tax on income or wealth created by a person in the course of an earning activity. VAT is a tax imposed on the value added to goods and services consumed in Nepal or exported outside. Basic knowledge of provision of Income tax and Value Added Tax is amust for every accountant.There is a huge demand and supply gap of professional and qualified accountant for corporations in market. To cater the gap Broadway Infosys Nepal has designed the Income Tax and VAT training in Nepal course in consultation with accounting professionals.
Benefits of Income Tax and VAT training
Income tax professionals contribute to organizations in taking essential business decisions, by providing financial counseling and guidance. Their area of expertise includes accounting administration, calculating tax liabilities, performing legal analysis, and more. This training nurtures learning of the graduates and professionals and develops professionalism in delivering accounting services independently and enhances their skill to tap the market opportunity. Moreover, it is intended for trainees who are keen to learn about financial aspects under micro scrutiny and reduce the chances of wrong decisions. It will further provide smart tips to:
- Better understanding of accounting, Tax and VAT knowledge for your career
- Identify tax planning opportunities
- Learn new legal provisions related to income tax and VAT
- Create appropriate tax saving opportunities for proper business planning.
- Wide range of job opportunities in Nepal in different industry sectors.
Benefits of Income Tax and VAT training at Broadways Infosys Nepal
We offer Income Tax and VAT training that is based upon the current recruitment needs in the accounting market. With the aim of your personal and professional development, you are heartily welcome to join us and experience the best we have to offer.
To all the candidates attending Income Tax and Vat trainingat Broadway, we provide the following benefits and value added services.
- Professional instructors with maximum experience.
- Affordable training costs.
- Comprehensive training methodology.
- Wider access to training equipment and materials.
- Prepare oneself for the competitiveaccounting market.
- Scholarship to deserving and needy students.
- Job placement and internship opportunities for ace trainees.
Pre-requisites for Income Tax Vat Training
Anyone who wants to learn Taxation Practice in Nepal and gain better understanding towards accounting may join this course.
TDS (Tax Deduction at Source) Income Tax & VAT
| 01 | Basic Concept | Definition of Income, Types of Income, Income year, Person, Residential status, Tax, Assessable Income, Taxable Income |
| 02 | Exemption & Concession | Tax exempt income, concessional tax rate |
| 03 | Income from Employment | Inclusions, deduction, taxability |
| 04 | Income from Business | Inclusions, deduction, reduction, calculation of tax liability |
| 05 | Income from Investment | Inclusions, deduction, reduction, calculation of tax liability |
| 06 | Tax returns & Tax payments | Due date of return filing, calculation of tax liability and its deposit |
| 07 | Fines, Penalties & Interest | Calculation of penalties against delay in submission of returns, delay on tax deposit |
| 08 | Miscellaneous | Quantification, transfer pricing, income splitting |
| 09 | Introduction of VAT | General concept of VAT, Definition, taxable transactions |
| 10 | Tax Offset | Input tax credit, tax liability and its deposit |
| 11 | Fines & Penalties | Calculation of fines for delay in submission of returns, non- compliance of provisions |
