About the course

Introduction :

Tax accounting is one of the most important areas of government accounting, the purpose of which is to calculate the financial ratios owed by individuals or companies to pay to the government, to pour into what is known as the general budget of the state(government spending Government ExpenditureAccounting systems for tax purposes are carried out according to the instructions and tax laws of the state and the legal organizational methods of assessing taxes on personal income, property, business and service activity, and this is by income segments of individuals, or by the business activity of the enterprise; the method of tax accounting focuses on tax issues, and includes all activities related to the submission of tax returns and planning For the future of tax liabilities, the taxpayer is called: “A tax financier who is obliged to submit a tax return on income from profit and loss and donations....This requires the tax accountant to familiarize himself with the methods of preparing the periodic tax return according to the specified forms, which complies with the tax laws and submit them on the specified dates.

Program objectives:

• Introducing the participants to the contemporary tax systems, their types, the bases and rules for imposing each of the different types of taxes.
• Development of accounting skills among participants in the field of tax accounting, tax accounting, methods of determining tax vessels, deductible costs of each type and distinguishing between tax exemption and non-tax liability
• Providing participants with the skills of conducting tax examination of files, accounts and taxable activities.
• Raising the capabilities of participants in the application of VAT and how to register for VAT purposes.
• Providing participants with the skills of accounting for VAT and how to calculate and record it in the books.
• Developing the skills of participants in the field of preparing periodic tax reports and returns in the light of tax regulations and laws and in accordance with the requirements of the tax administration competent to collect tax.

Program contents:

Module one: the nature of contemporary tax systems

• Types of tax systems
• The tax on net wealth (Net Wealth Tax)
• Property tax (Property Tax)
• Sales tax (Sales Tax)
• Excise taxes (Excise Tax or Selective Tax)
• Value Added Tax (VAT)Value Added Tax)
• Taxes on exports and imports (Export-Import Tax)
• Tax collection, pricing and effects

Module two: fundamentals of tax accounting

• Tax accounting laws
• Distinction between accounting profit and tax profit
• Stages of tax accounting
  • First: the inventory phase
  • Second: the stage of tax examination
  • Third: booking and collection stage
• The costs are deductible from the tax
• The tax pot, methods of determining it and the tax rate
• Methods for determining the tax base
• Tax rate
• Proportional tax and progressive tax
• Duplication and tax evasion

Module three: tax inspection and audit strategies

• The concept of tax examination
• Tax examination criteria
• Types of tax examination
• Comprehensive (detailed)tax inspection
• Examination using the sample
• Methods and procedures of tax examination
• Preparing a tax examination using a computer

The fourth module : Value Added Tax

• Characteristics of the value added tax
• Is there a difference between the current sales tax and Value Added Tax
• Unified VAT Agreement for the GCC countries
• Expected returns from the application 
• The effects of VAT on individuals, companies and institutions
• Business registered for VAT purposes
• How can the law be applied effectively
• Registration for Value Added Tax
• Registration limits in some Arab countries
• What are the reasons for the state to apply VAT

Module five: VAT calculation and accounting for it

• Components of the accounting system for Value Added Tax
• Information that should be included in the tax invoice
• Issuing invoices in foreign currency
• The receipt
• Debit credit notice 
• Replacement
• Accounting treatment of VAT book-by-book in the books of the seller and the buyer
• Inclusion of tax in the declaration of value added

Sixth module: preparing and reviewing the periodic tax return

• The concept of tax return
• Who are obliged to submit a tax return
• The conditions that must be met in the tax return
• The value to be recognized
• Input tax calculation
• Calculation of output tax
• Calculate the VAT due and make tax adjustments.
• Preparation of periodic tax reports