A Practical Approach to Taxation (Personal and Business)

Taxation is designed to provide students and business owners with a basic understanding of Trinidad and Tobago’s Income Tax, with focus on fundamental taxation concepts and the main aspects of legislation with tax rules. The purpose of this course is to ensure that participants will understand the basics of the Income Tax, and tax preparation procedures and rules.  Upon successful completion of this course, students will have demonstrated the ability to:
•    Discuss the history, objectives and structure of the Income Tax/Inland Revenue.
•    Identify, classify and compute income from employment, business and property.
•    Calculate net income, taxable income and income tax liability for individuals and business.
•    Calculate non-complex capital allowances.
•    Prepare Basic Corporation Tax Return in compliance with current legislation.

Programme Content

INCOME TAX

• Income Tax Acts 2006
• Employer and Employee responsibilities
• Emoluments and Benefits

CORPORATION TAX

• Corporation Tax Acts 2006
• Corporate responsibilities
• Allowances and Deductions
• Basic Tax Planning
• The Audit/ Objection Process
• Tax Return Preparation

VAT

• Compliance  
• Return preparation

OTHER TAXES

• Compliance
• Specific issues

Registration Information

• Registration for all Corporate Training courses can be done at the Champs Fleurs, Port-of-Spain, Trincity or San Fernando Campus.
• Payment of fees can be made by linx, credit card or cheque. SBCS is now CASH FREE!
• An administration fee of $100.00 is payable on all registrations.
• A late fee of $20 will apply on registrations within 1 week of commencement of class.
• A Certificate of participation is awarded to each participant upon satisfying 80% attendance of classes and/or any exam or course-work assigned by lecturer.
• Please note that all information is subject to change.  It is advisable to confirm all information before registration.

Schedule