A Practical Course in Taxation in Sri Lanka

OpenArc Campus - Courses - A Practical Course in Taxation in Sri Lanka

Objectives

1. Comprehensive knowledge in tax computation relevant to individuals,
partnerships and companies

2. Practical training in the use of revenue administration (RAMIS)
It is recommended that participants use a notebook or a desktop computer for these practical sessions.

3. Submitting tax returns, payment appeals etc

Target Group

  1. Executives from: SemiGovernment entities, SOEs, NGOs, Corporates & Audit & Consultancy firms.
  2. Entrepreneurs, Business owners and anyone who want to have an up-to-date knowledge in Taxation.

Course Duration

24 Hours | 2 Hours X 12 | 3 Months

Resource Person

MR U.P.S.A. Jayalath
B.Sc, M.Sc(UCSC), MBA(UOM), MAAT, MBCS, MCSSL
Former Commissioner – I T, Dept. of Inland Revenue

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    • Course Outline 0/20

      • Lecture 1.1
        Principles of taxation and government revenue
      • Lecture 1.2
        Classification of taxes and taxes in Sri Lanka
      • Lecture 1.3
        Introduction to legislature in Sri Lankan taxation
      • Lecture 1.4
        Introduction to Income Tax
      • Lecture 1.5
        Sources of Income
      • Lecture 1.6
        Assessable and taxable income
      • Lecture 1.7
        Allowable deductions
      • Lecture 1.8
        Income tax calculation. (Individuals/partnerships/companies)
      • Lecture 1.9
        Tax Credit
      • Lecture 1.10
        PAYE and WHT system
      • Lecture 1.11
        Tax Documentation (Payments, Returns, Assessments, Appeals etc)
      • Lecture 1.12
        TIN registration and Practical usage of RAMIS system
      • Lecture 1.13
        VAT introduction
      • Lecture 1.14
        Input and Output tax
      • Lecture 1.15
        VAT calculation
      • Lecture 1.16
        SVAT system
      • Lecture 1.17
        Submission of VAT returns, schedules through RAMIS system
      • Lecture 1.18
        Tax incentives and reliefs
      • Lecture 1.19
        Tax collection methods and penalties
      • Lecture 1.20
        Tax payers’ rights and obligations

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