Sometimes there are issues between accounting personnel saddled with the task of handling VAT and With-holding tax and Tax Office. These conflicts impede cordial relationship expected of two stakeholders in the tax field and by extension affect the tax affairs of the employers.

Learning Objective:

At the end of this session, participants will be able to:

• Explain VAT matters and With-holding tax issues in a more friendly and efficient manner;
• Process and file monthly tax returns;
• Write tax compliance reports.

Course Outline

• Inward VAT accounting
• Outward VAT accounting
• Rendition of VAT
• Treatment of queries and complaints
• Compilation of both ends of the With-holding tax
• Application of the net with-holding tax
• Accounting treatment of VAT and With-holding tax