International Taxes: Variations and Their Impact on the Economy

Introduction:

Taxation is a crucial aspect of any economy, playing a significant role in the government's revenue generation and public finance management. Understanding taxation principles, administration, and compliance is essential for individuals, businesses, and governments alike. This knowledge enables effective tax planning, ensures compliance with tax laws, and promotes fair and efficient taxation systems.

Targeted Groups:

• Individuals and Taxpayers.
• Business Owners and Entrepreneurs.
• Tax Professionals and Consultants.
• Government Officials and Policymakers.
• International Businesses and Multinational Corporations.
• Finance and Accounting Professionals.
• Researchers.

Course Objectives:
At the end of this course the participants will be able to:

• Understand the principles of taxation and tax reform.
• Analyze the effects of taxes and subsidies on the economy.
• Comprehend international trade taxes and withholding tax (income tax).
• Gain knowledge of income taxation harmonization in international contexts.
• Learn about tax management and tax observance.
• Identify challenges associated with tax reform and its implementation.
• Develop skills in forecasting tax expense accounts.
• Understand value-added and excise taxes.
• Recognize common types of tax expenses.
• Apply appropriate accounting methods for tax calculations.

Targeted Competencies:

• TAX ANALYSIS.
• TAX ADMINISTRATION & COMPLIANCE.
• International Double Taxation Avoidance Agreement DTAA.
• COMPUTER APPLICATIONS.
• RISK MANAGEMENT, COMPETITION & INCENTIVES.

Course Content:
Unit 1: TAX ANALYSIS:

• Taxation and tax reform principles
• The Effects of Taxes and Subsidies on the Economy
• International trade taxes, withholding tax (income tax)  
• Income taxation Harmonization of international taxes

Unit 2: Forecast Tax Expense Accounts:

• Value-added and excise taxes
• common types of Tax Expenses
• Accounting Method
• tax formula

Unit 3: TAX ADMINISTRATION & COMPLIANCE:

• Tax management and tax observance
• Challenges of tax reform and Implementation
• Unit3: Forecast Tax Expense Accounts
• Value-added and excise taxes
• common types of Tax Expenses
• Accounting Method
• tax formula

Unit 4: International Double Taxation Avoidance Agreement DTAA:

• What is DTAA
• The impact of the conventions
• Detailed tax arrangements for avoiding double taxation

Unit 5: COMPUTER APPLICATIONS:

• Introduction to computers and Computerization
• The impact of technology
• Cloud computing technology
• The power of collaboration
• Integration

Unit 6: RISK MANAGEMENT, COMPETITION & INCENTIVES:

• The control of tax compliance risks
• Transfer pricing and the resolution of international disputes
• Competition in taxes and financial incentives