Practical Application in
VAT and TAX Management
Industry Expert Faculties
Our trainers are highly experienced Finance professionals who bring real-world expertise to the classroom.
Omar Faruk Ripon
FCA, ACS, LLB, FCGA, ITP, VC, FFA, FIPA,
Chief Financial Officer (CFO) of Panna Group
Former:
• CFO & SR. Executive Director of Walton Hi-Tech Industries PLC
• CFO of Globe Pharmaceuticals Group
• CFO of National Polymer Industries PLC
• Square Pharmaceuticals PLC
• ACME Laboratories PLC
• SEARS Electronics Ltd.
25 years of extensive experience in the fields of Accounts, Finance, treasury, VAT, Taxation,Internal Audit, Compliance, Secretarial Practices, Corporate Governance, Financial Reporting, Fixed Assets Management, and Supply Chain Management.
ABU SUFIAN
Revenue Officer of NBR
Revenue Officer of Customs, Excise and VAT specializing in VAT and Customs. Experienced with field level VAT and Customs Work and Problems. Well- versed in VAT and Customs Training. Strong background in Academic, VAT and Customs Profession. National Board of Revenue & Customs, Excise and VAT Training Academy Enlisted Trainer of VAT and Customs.
Revenue officer of Customs Excise and VAT
• Author of “VAT Guide” a Book in Bangladesh VAT
• Author of “Customs and VAT Porikkha sohayika” Book of Customs and VAT
- Course Duration: 2 Months
- Class Duration: 2 Hours
- Total Session: 14
- Ongoing Batch: Batch 05
- Class Starts: 28 June, 25
- Classes on: Tuesday & Thursday
- Classes Time: 09:00 PM - 11:00 PM
Course Content
🔷 INCOME TAX MODULES
Module 1: Introduction to Income Tax in Bangladesh
- Background of Income Tax in Bangladesh
- Brief of Income Tax Act, 2023 (ITA, 2023)
- Role and Structure of NBR (National Board of Revenue)
- Scope and Sources of Knowledge (Circulars, Rules, SROs, etc.)
Module 2: Foundations – Terms, Forms & Authorities
- Important Terms and Definitions
- Authorities Involved in Income Tax Administration
- Commonly Used Forms (e.g., IT-10B, 10BB, PSR, SC)
- Mandatory Submissions & Deadlines
Module 3: Heads of Income and Their Application
- 7 Heads of Income with Explanation
- Additional Heads or Special Incomes
- One Model Problem covering all heads
Module 4: Withholding Tax (TDS) and Time Frame
- Definition and Scope of Source Tax
- Time Frame for Deduction and Deposit
- Model Examples on TDS Computation
- PSR Filing, Return Submission
Module 5: Tax Planning & Strategic Compliance
- Planning to Reduce Tax Burden
- Tax Credit, Rebate, Exemption, Holidays
- Non-Assessable Income, Refunds
- Advance Tax, Final Tax vs. Regular Tax
- Minimum Tax Rules
Module 6: Assessment Procedures
-
Types of Assessments (Self, Spot, Best Judgment, etc.)
- Practical Examples on Tax Computation and Assessment
-
Filing of Appeals
Module 7: Return Filing & Computation Models
-
Return Filing Process for Individuals
-
Return Filing Process for Companies
- Model Problem for Each Category
- Documentation Requirements
Module 8: Accounting-Tax-VAT Integration
-
Correlating Financial Accounts with Tax Returns
-
Reconciliation with VAT
-
Accounting Standards vs. Tax Provisions
-
Reporting Schedules, Fines, and Penalties
-
Mandatory Submission, Time of Submission, PSR, S/C, IT-10B, 10BB
🔷 VAT & SD MODULES
Module 9: Introduction to VAT & SD in Bangladesh
- History and Evolution
- VAT and SD Law (VAT & SD Act, 2012)
- Scope of VAT and Supplementary Duty
Module 10: Basics – Terms, Forms & Definitions
-
Important VAT Definitions and Terms
-
VAT and SD Forms & Returns
-
Judicial Powers and Authorities Involved
Module 11: Registration & Valuation Mechanics
-
VAT Registration and BIN
-
Coefficient Concept
-
Value Addition & Transfer Effects
-
VAT on Samples and Discounts
Module 12: Imposition & Return Submissions
-
VAT Imposition Mechanics
-
Types of Return Submissions (Mushak-9.1, etc.)
-
SD Imposition
-
Service VAT Rules and SD SROs
-
Different rates and eligibility
Module 13: Pricing, Costing, and VAT Implications
-
VAT Impact on Costing & Pricing
-
Multiple Examples
-
Comparative Analysis: VAT Deducted at Source (VDS) vs. Income Tax TDS
Module 14: Legal Provisions and Financial Impact
-
Detail discussion on 4.1, 4.3, 4.4, 6.1, 6.2, 6.3, 6.4, 6.5, 6.6, 6.10, 9.1
-
Impact on Financial Statements
-
Suggested Resolutions & Compliance Pathways
Module 15: VAT Administration and Dispute Resolution
-
Assessment, Appeal, Tribunal, High Court
-
Alternative Dispute Resolution (ADR)
-
SROs: Industry Specific, Exemptions, 3rd Schedule
-
Model Problems: AV, VAT-able Price, VDS
Module 16: Audit, Disallowances, and Penalties
-
Audit Readiness – Types & Authorities
-
Common Issues & Expense Disallowances
-
Tax-Incurred Expenses
-
Fines, Penalties, and Risk Management
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Milestones and
Achievements
Highlighting our impactful accomplishments and successful milestones with meaningful metrics.
Industry Expert Faculties
Our trainers are highly experienced Finance professionals who bring real-world expertise to the classroom.
Muhammed Omar Faruk Ripon
FCA, ACS, LLB, FCGA, ITP, VC, FFA, FIPA,
Chief Financial Officer (CFO) of Panna Group
Former:
• CFO & SR. Executive Director of Walton Hi-Tech Industries PLC
• CFO of Globe Pharmaceuticals Group
• CFO of National Polymer Industries PLC
• Square Pharmaceuticals PLC
• ACME Laboratories PLC
• SEARS Electronics Ltd.
25 years of extensive experience in the fields of Accounts, Finance, treasury, VAT, Taxation,Internal Audit, Compliance, Secretarial Practices, Corporate Governance, Financial Reporting, Fixed Assets Management, and Supply Chain Management.
He is a Fellow/Associate Member of multiple prestigious professional bodies, including:
• ICAB (The Institute of Chartered Accountants of Bangladesh)
• ICSB (The Institute of Chartered Secretaries of Bangladesh)
• ICGAB (The Institute of Certified General Accountants of Bangladesh)
• IIAB (The Institute of Internal Auditors Bangladesh)
• DTBA (Dhaka Taxes Bar Association)
• BVPF (Bangladesh VAT Professionals Forum)
• BAA (Bangladesh Accounting Association)
ABU SUFIAN
Revenue Officer of NBR
Revenue Officer of Customs, Excise and VAT specializing in VAT and Customs. Experienced with field level VAT and Customs Work and Problems. Well- versed in VAT and Customs Training. Strong background in Academic, VAT and Customs Profession. National Board of Revenue & Customs, Excise and VAT Training Academy Enlisted Trainer of VAT and Customs.
Revenue officer of Customs Excise and VAT
• Author of “VAT Guide” a Book in Bangladesh VAT
• Author of “Customs and VAT Porikkha sohayika” Book of
Customs and VAT
• Author of “Customs Guide” Book of Customs.
• Author of “Customs Bond Management Guide” a Book of
Bond Management.
• Field Level Work in VAT and Customs as Revenue officer
• Provide Training Classes of Customs officer arranged by
Customs, Excise and VAT Training Academy.
• Provide Training Classes of Customs officer arranged by
NBR.
• NBR Enlisted Customs Trainer of Customs and VAT.
• Provide Customs and VAT Training to the different
Professionals of Corporate and Multi national Company.