CALL FOR APPLICATION ON TAXATION

 ABOUT SKILLS HUB INTERNATIONAL (SHI) LTD

SKILLS HUB INTERNATIONAL (SHI) LTD is a subsidiary of ONCG GLOBAL HOLDINGS LTD a multidisciplinary consulting group operating across African continent. SHI Ltd is registered in Rwanda since 2013, to offer a wide range of world-class training services and employment services to both corporate and individual clients.

It also offers cutting edge business and management customized training programs. Our training services include Professional training services, Executive Training, In-house training services and Special Training services for specialized industries like banks, insurers and others. Training services are provided via two schools namely School of Business Professionals and School of Business Executives. Our trainings range from one day-certificate to three-months training certificate for proficiency.

In addition, SHI as a Capacity building specialized supplier, offers Employment related services such as Recruitment services, headhunting, Job-Connect and Refresher course services to both employers and job seeking community.

COURSE OVERVIEW AND OBJECTIVES

The course focuses on Compliance with Rwanda Tax law has become a top agenda in determination of an Organization’s Risk Profile. An understanding of Tax Planning and Management measures and an awareness of the thin line between Tax Planning and Management & Tax Crimes is important if personnel involved in Tax Management is to be effective in minimizing an organization’s risk yet be effective at managing tax.

Objectives:

At the end of this course, the participants will be able to;

• Comprehend the principles and significance of different types of taxation, particularly employment income taxation, corporate income tax, and VAT.
• Evaluate methods of taxation on employment income, including employee benefits, deductions, and credits.
• Identify common challenges in employment tax compliance and reporting.
• Assess the components of corporate income tax, including taxable income calculation and allowable deductions.
• Understand the implications of corporate structures on tax liabilities and explore tax reduction strategies.
• Recognize the significance of withholding taxes and their application in various contexts (e.g., salaries, dividends, interest).
• Understand the reporting requirements for withholding tax and the responsibilities of employers and businesses in the withholding process.
• Explain the mechanics of Value Added Tax (VAT), including registration, invoicing, and compliance.
• Analyze the implications of VAT for businesses and consumers and explore strategies for effective VAT management.
• Develop effective tax planning strategies for individuals and businesses to optimize tax liabilities.
• Evaluate both legal and ethical considerations in tax planning, ensuring compliance with local and international laws. 

INDICATIVE CONTENTS

Module 1. TAXATION OF PERSONAL INCOME

• Introduction to Employment Income
• Legal Framework
• Calculating Employment Income
• Special Cases in Employment Income Taxation
• Payments Exempted from Employment Income Tax

Module 2. CORPORATE INCOME TAX

• Introduction to Corporate Income Tax
• Legal Framework
• Determining Taxable Income
• Corporate Tax Rates
• Tax Incentives and Reliefs
• International Taxation Considerations
• Loss and Profit Carryovers
• Compliance and Reporting Requirements
• Tax Planning Strategies
• Entities Exempted from Corporate Income Tax
• Zero-Rated Entities

Module 3. WITHHOLDING TAXES

• Introduction to Withholding Taxes
• Legal Framework
• Types of Withholding Taxes
• Rates and Thresholds
• Calculation and Deduction Processes
• Reporting and Payment Obligations
• Persons Exempted from Withholding Taxes

Module 4. TAXATION OF VALUE ADDED TAX (VAT)

• Introduction to Value Added Tax (VAT)
• Legal Framework
• VAT Principles and Mechanism
• VAT Registration
• VAT Rates and Exemptions
• VAT Calculation
• VAT Invoicing and Documentation
• VAT Returns and Payments
• Claims for Input Tax Credit
• Compliance and Enforcement

Module 5. TAX PLANNING.

• Introduction to Tax Planning
• Understanding Taxation Principles
• Legal Framework for Tax Planning
• Tax Planning Strategies for Individuals
• Tax Planning Strategies for Corporate
• Tax Compliance and Reporting

Module 6. TAX ACCOUNTING FOR LIBILITIES &EXPENSES

• Introduction to IAS 12 (Income Taxes)
• Current tax determination and Accounting
• Accounting for VAT liabilities
• Introduction to deferred tax liabilities

 DATE AND VENUE

The course will start by 12^th October to 3rd November 2024.Training will take place at SHI professional Training Center Offices located at KIMIRONKO-GASABO, TRIUMPH HOUSE 3^RD Floor.

SESSIONS AND days of Training

The training Program will last for 28 hours and will be delivered in three different sessions as follows:

 For registration download the registration form on the following link:

https://www.skillshubinternational.com/Assessment/2024file3ae95eaa75cd9328eed38cf22a0691acsgfs.pdf 

A properly filled form shall be sent on of our emails as follows:

skillshubinternational@gmail.com

kemmanuel@skillshubinternational.com

For more information, you can contact us on:

+250 780 343 116; +250 780 344 361; or using above emails.

 COURSE FEES & PAYMENT MODEs

The amount of fees per course On Taxation is 120,000 Rwf Paid via our bank accounts; 4003200725206 at EQUITY BANK RWANDA PLC, *182*8*1*097137# Using Mo-Mo Pay.

The fees will cover tuition, training materials refreshment and Certificate.

CERTIFICATE of completion

A certificate will be issued at the end of the program to every trainee who completes the course.

 Approved on behalf of SHI Ltd

Muligo Theogene

Deputy Managing Director