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 Advanced Effective Revenue Collection Strategies TR1913 QR Code
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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.

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