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CALL FOR TAX WORKSHOP ON MAJOR CHANGES IN THE NEW INCOME TAX LAW 027/2022.
- About Us
AXIOMA CPA LTD, is an Auditing firm registered under the Rwandan company act and recognized practitioner member of the Institute of certified public Accountant of Rwanda (ICPAR). The company has a team of experienced trainers and professionals with high profile and caliber in the domain of Finance, accounting, auditing and Taxation.
In addition to its core business, the company provides associated services such as training and on job coaching services to private companies as well as nonprofit making organization.
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- Rational of workshop
The Rwanda business environment is fast changing thus tax policies keeps changing too. Recently the tax administration of Rwanda (RRA) launched a new income tax law no 027/2022 that will be effective starting from 1st December 2022. The scope of this law covers the taxation of personal income tax, business income, withholding tax, capital gain and taxation of income generated from gaming activities. The changes aimed at improving the tax compliance and coping with business environment.
In order to ensure that tax risk is mitigated, appropriate and timely upskilling, learning and development sessions are required.
It is in this regard that, AXIOMA CPA organized the 2 days training workshop designed for professionals such as tax consultants, accountants, lawyers, and business owners who aspire to gain a practical skills and expertise in taxation especially the changes associated with the new income tax act 027/2022.
This training aims to transfer specific skills, practical competences, ability and knowledge to interested professionals and business owners. The transfer of skills will obviously improve current and future employee performance and motivate those who desire to embrace consultancy in taxation and accounting.
AXIOMA CPA LTD invites all interested tax professionals, accountants, lawyers and business owners to participate in the upcoming training workshop on new income tax act 027/2022 with more focus on major changes that were introduced. The workshops will also be a great opportunity of exchanging knowledge with tax experts, practitioners with good experiences handling complex tax matters.
- Who should attend
This workshop is meant for chief Financial Officers, Finance Managers, Accountants, Financial Controllers, Tax managers, Tax advisors, Legal Officers, Business Owners & Others with Interest in Tax Knowledge.
- Why your team should attend
Ensuring that your organization complies with the relevant tax regulations is one of the pre-requisites for long-term organizational efficiency and success. It is then prudent to have your entire management team fully equipped and updated with the current tax laws and regulation.
Participants will gain practical knowledge that will help their organization to improve their compliance which will turn into efficiency. At the end of these two-day workshop, we will ensure that your team understand and contextualize all changes introduced by the new income tax law no 027/2022.
- What are the Training objectives?
At the end of this workshops, participants will be able:
- Understanding the Provisions in the Income Tax Act 027/2022 that impose obligations and duties upon anyone carrying on business in Rwanda since 1st December 2022 going forward.
- Identify the major areas of tax risk and key alternative solution towards compliance.
- Understand benefits that taxpayers are entitled to under the provisions of the new law.
- Gain practical knowledge on how and when Nonprofit making organization including churches, schools, NGOs…are taxed.
- How the Training will be delivered (approach and methodology )
Different approaches and methodology (Presentations well guided, practical exercise, a plenary presentation, and group work) will be used to carry out the training in order to obtain the expected outputs or deliverables of this training workshop.
- Deliverables from the course
The participants will benefit from the following additional knowledge at the end of the course:
- Gain a better understanding on how to manage Tax matters;
- Equip beneficiaries with knowledge on strategies of compliance maximization.
- In-house training (can this training be customized?)
We do also provide an in-house training for companies with at least 5 participants. Interested companies are encouraged to contact us for more clarification on this special offer in order to customize the training. This special package will help you to gain customized training materials and strategies to solve practical arising issues within your organization.
- What is included in the training package
- Participants workbooks and related materials
- Copy of training modules and presentations
- Breakfast & Lunch
- What is your investment
Your investment is FRW 150,000 VAT exclusive per participant, payable directly through AXIOMA CPA Bank account in BK PLC 100034576868 or those who wish to use MOMO can pay via this phone number 0788437340.
- Draft Course overview
The following table portrays tentatively, the course overview which may be reviewed based on percipients expectation. The following topics will be discussed and explained in details with practical examples or case study.
|
No |
Topic |
DAY |
|
1 |
The anatomy of the taxation system of Rwanda |
Day 1 |
|
2 |
Scope the new income tax act and definition of terms |
Day 1 |
|
3 |
Residence and permanent establishment |
Day 1 |
|
4 |
Source of taxable revenue, tax period and tax computation |
Day 1 |
|
5 |
Taxation of personal income tax, the following specific topics will be discussed: · ·Obligation of the taxpayer in regard to personal income tax · Source of individual taxable income and new rates. · Computation of employment income and payments exempted from employment income, benefit in kind and other allowances subjected to taxation under employment income. · Persons exempted from employment income · Tax computation |
Day 1 |
|
6 |
Taxation and computation of Business profit, taxation of agricultural income, taxation of asset in foreign currency, etc. |
Day 1 |
|
7 |
Condition for deduction or non-deduction from taxable income, conditions of loss to be carryforward, condition of bad debt and depreciation arrangement of fixed and software assets, etc. |
Day 1 |
|
8 |
Transfer pricing between related parties and tax implication |
Day 1 |
|
9 |
Taxation of investment income, capital gain tax and tax rate, exempted from capital gain tax, withholding tax on various payments and taxation of rental income other than the rental tax provided by the law governing decentralized revenue. |
Day 1 |
|
10 |
Taxation of Corporate income (CIT): · Persons or companies subject to corporate income tax · Person exempted from CIT · Zero rated entities · Taxation of companies carrying out gaming activities · Taxation of income from partnership (not common) · Taxation of restructured business |
Day 2 |
|
11 |
Taxation of nonprofit making organization and Cooperatives |
Day 2 |
|
12 |
Anti-abuse rules on avoidance arrangement (not common) |
Day 2 |
|
13 |
Tax incentives under the new income tax act and current investment code. |
Day 2 |
|
14 |
Other aspects We will also discuss other commonly challenging aspects under income tax such as · Double taxation arrangements · Transfer pricing arrangements and guidelines · Taxation of related parties · Arm’s length prices · Mitigation of double taxation · Transfer pricing adjustment under the new income tax · How does tax dispute arise (Inadequate knowledge of tax law provisions, Innocent accounting errors, deliberate taxpayer’s practices of non-compliance, Incorrect advice, randomized tax audits, etc.) |
Day 2 |
|
15 |
Orders in force and consideration and adoption of this law. |
Day 2 |
|
16 |
Questions, comments and observations. |
Day 2 |
- Online booking and registration:
The registration is open via our online portal HERE
Delegates are reminded to note the following:
- The event shall be hosted from 8stto 9thDecember 2022 starting from 8 :30 to 4:30 pm and the maximum applicants number is 35 (First come first served).
- The online booking and registration is mandatory and booking will be closed either once the number of applicants reaches the limit or 24hrs before the training session starts.
- Registration will be confirmed after payment or agreed otherwise.
- Completed application form well filled must be submitted together with the proof of payment via our online portal or via the email below given before the deadline.
- In case you need proforma invoice, kindly contact us for quick assistance.
- Training Venue
Training workshop will be conducted at Centre Christus located at remera, 180 KG 8 street Remera, near AMAHORO stadium, PO Box : 6009 Kigali Rwanda.
- How can you get supported?
For any further information or assistance please contact our training coordinator Olga Sandra on
+250 788308069/0788437340 or via email at axiomacpa@gmail.com
We believe in providing practical advice, and compliance support in all areas of taxation to businesses of varying sizes predominantly small and medium-sized enterprises.
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