Tax & VAT Issues faced by NGO/INGOs

Transcription

1 Practical Workshop on Tax & VAT Issues faced by NGO/INGOs with Bhava Nath Dahal (FCA, LLB) 4 August, 2017 Hotel Himalaya, Kupandole, Lalitpur Organized By Aster Advisory Pvt. Ltd. for Nepal Tax Online

2 Tax law compliance is one of the biggest challenge faced by NGO/INGO in Nepal. INGO and projects operate with partners and people in remote districts, provide grants and assistance to marginalized communities, and seek services where businesses are not formally registered. Often lack of clarity results in tax non-compliance or excess tax deductions, and ultimately impacts program budget. Our tax workshop addresses these needs of NGO/INGO and projects and is very relevant for: For Program Staffs To understand tax impact & VAT compliance in program expense & budgeting For Finance Staffs: Overall guidance on tax compliance, including employment tax, VAT, TDS & all other applicable provision For Admin Staffs: To understand tax & VAT provisions applicable for procurement of goods & services Once registered, you will have an opportunity to share us your tax issues, by or phone, so that we can best customize the contents of the training to suit your needs. This makes sure that your issues are discussed and covered in the training material.

3 What we cover? We cover all practical tax issues faced by NGO/INGO and projects in Nepal. We do not prescribe specific time limit for discussion, but our experience shows that the following topics are highly relevant for participants. TDS- Concept and Practical issues being faced Condition to deduct TDS/Use of source concept in TDS deductions TDS on procurement of Service TDS on payment to NGO/Tax Exempt Organization TDS on procurement of Goods TDS on procurement of Work, Rent, Transportation TDS on other payments PAN and VAT queries on procurement Reverse VAT for INGOs TDS Deposits and payments Source & Residence Concept- for TDS and Employment Calculation of Taxable Income & Deductions Expat Tax Issues- General The workshop will be conducted in open floor discussion approach, where presentation slides are used only for facilitate interaction, and class room sessions are highly interactive focused on issues faced. Tax Exempt Organizations- Taxable Income, Renewal Process and Compliance Requirements.

4 What participants say about our workshop We have good credentials of organizing high quality tax workshops for development sector and business organizations. 200 participants from around 75 organizations have participated in Aster Tax Workshops in 2016, including in-house training for UNDP, Oxfam, Room to Read and Nick Simon Institute % of the participants in our tax workshops believed that our sessions and materials were neither too technical nor basic, but just right for them. What participants say about our tax workshops? Thank you very much for so excellent TAX workshop; it was really appreciated by everyone. The contents and facilitation was so good that everyone were engaged and engaged. Thank you for such an interactive and informative training session. Despite of time constraints, all our session content requests have been well addressed. We definitely hope to learn more from your team in future. Thanks a lot for your contribution during our tax training. It was really enriching and practical to fulfill our need. On behalf of the organization and participating colleagues; I would like to extend our sincere appreciation for your flexibility and excellent deliberation.

5 Program Details Schedule 8.30 am Registration 9.15 am Session 1- Overview, Recent Tax Developments & Practical Issues am Session 2- Income from Employment 12.30pm 1.30pm 5.15pm Lunch Break Session 3- Tax Deduction at Source and VAT issues on procurement Program Closure (Tea Break at 11.00am & 3.15pm) Venue Hotel Himalaya, Kupandole, Date 4 August 2017 Fees Rs. 6,500 (+13% VAT). Fee includes lunch, tea/coffee/cookies, materials. Payable to Aster Advisory Pvt. Ltd. 20% Discount to existing subscribers of Nepal Tax Online Target Audience Finance/ Accounts Managers, Program Staffs & HR staffs of INGO/NGO/ Projects Registration Registration Forms can be downloaded here. Please fill up the registration form and to nepaltaxonline@gmail.com. Seats are limited to 35 and filled on first come basis. (The program schedule, venue and program date is correct at the time of preparation of this brochure and may subject to change in case of insufficient participants or any abnormal scenarios.)

6 Bhava Nath Dahal, FCA, LLB Bhava Nath Dahal is a renowned tax consultant and trainer in Nepal and the author of the bestselling tax book titled, Income Tax and Value Added Tax, Mr. Dahal is first product of Institute of Chartered Accountants of Nepal, qualified in 2003 and also MBA in Financial Management and LLB in Finance and Taxation from Tribhuvan University. Hear from the Experts He has worked as Tax Consultant for Inland Revenue Department (IRD), Large Taxpayers and for foreign investors in Nepal for complex double taxation and domestic tax cases. He was the Editor Consultant for Income Tax Manual for Inland Revenue Department and has served as editor for Study Material of Taxation for Professional Courseworking knowledge level and Expert level for Institute of Chartered Accountants of Nepal. Mr. Dahal worked for 20 years in public audit in Office of the Auditor General of Nepal, prior to resigning from Director in 2015, to work as tax and accounting consultant. In Office of Auditor General, he was involved in almost all complex case of public audit and big-sized entity, Central Consolidate Fund, Development Partner funded projects, Revenue audit etc. He is a Public Procurement Expert, Public Procurement National Instructor from Public Procurement Monitoring Office since 2011, Arbitrator member in Nepal Arbitration Council, Advocate member in Nepal Bar Council and General Secretary in Procurement Management Association of Nepal (PMAN). His expertise includes Public Budgeting, Public Expenditure, Revenue and Central Government Accounts. Mr. Dahal has attended different national and international workshop and has authored several tax related books.

7 For Registration & further process, please contact us at: Call Please click here for registration form.