Effective Revenue Collection Strategies Course


Introduction

What is Revenue Collection? Revenue collection in general terms relates to a government agency’s actions to collect outstanding financial obligations from the public. Revenue may come from a variety of sources such as taxes, license fees, fines or use of state facilities. Revenue collection is also the general and broad collection of revenue for debts owed or owed revenue by persons or businesses.

Why is revenue collection important? All governments need to have effective revenue collection strategies in place to make sure sufficient cash is made available to pay operational costs. It is a best practice to review all points of revenue collection as well as to have policies and ordinances in place annually.

This IRES Course will empower participants on general collection of revenue for debts owed or owed revenue by persons or businesses. This will also cover topics on revenue collection like the assessment of billing of taxes and other revenues, accounting, internal controls and auditing, collecting and processing taxes, other revenues and enforcement of revenue collections. Learn the principles employed to boost staff morale and encourage taxpayer participation.

Duration

10 Days

Who Should Attend

  • Accountants
  • Tax advisers
  • General tax practitioners
  • Tax practitioners in advisory firms
  • Tax specialists in commercial and trade industries
  • Government officials
  • Government agencies
  • In-house tax directors/managers
  • Tax regulation bodies

Course Objectives

  • Know the relevant changes in the new revenue collection guidance
  • Familiarize the technical aspects of the principal steps of revenue collection in the new standards
  • Learn the implications of “rules-based” and “principles-based” revenue collection standards

Course Outline

Module 1: Introduction

  • Introduction to revenue collection
  • Need to maximize tax revenue
  • OECD Guidelines
  • Fiscal Policy
  • Revenue collection in relation to GDP
  • Ratio of GDP to tax – some statistics
  • Develop/ developing countries
  • Confidence in Government
  • Government Spending
  • Federal v/s State Tax

Module 2: Types of Revenue

  • Income Tax
  • Corporate Tax
  • VAT / Sales Tax
  • Custom Duty
  • Excise Duty
  • Others

Module 3: Increasing the Tax Base

  • Mandatory Registration for VAT/ Sales Tax
  • Encouragement of Self-Assessment
  • Fair & efficient refund system
  • Effective communication with taxpayers
  • Simplify Taxation system

MODULE 4: Other Indirect Methods

  • Linking Tax Payments with other transactions
  • Use of Internet/ Mobile
  • Matching Sales Tax with Sales/ Purchases
  • Introduction of Turnover / Fixed Taxation

Module 5:  Budget

  • Budget Formulation
  • Stakeholders in budget exercise
  • Budget implementation

Module 6:  Role of Tax Authority

  • Reforms in Taxation system
  • Minimize Exemptions
  • Large Taxpayer unit
  • Introduction of Advance Tax
  • Closing loopholes
  • Minimize corruption
  • Efficient M.I.S. System
  • Performance Analysis
  • Accurate / Timely Information

Module 7: Governance in Tax Departments

  • Improved Governance
  • Composition of Efficient Board of Directors/ Governance
  • Inducting Independent Directors / Professionals
  • Consequences of bad governance

Module 8: Importance of Internal checks

  • Necessity of Internal controls
  • Effective Internal Checks
  • Efficient Audit system
  • Role of Internal Auditor

Enroll for this Course

We are proud to offer this course in a variety of training formats to suit your needs.

IRES

Enroll to In-Person (Face to Face)

We use the highest quality learning facilities to make sure your experience is as comfortable as possible.

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Enroll for a Virtual Zoom Class

Join a scheduled class with a live instructor and other delegates.

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IRES

Enroll for Online Self-paced Class

Keep track of your own progression throughout your course and ensure continuous improvement.

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Benefits of Taking a Course at IRES

LEARN

Our courses are carefully curated to keep you abreast of latest industry trends, technological advancements, and best practices. We employ a variety of teaching methodologies, including hands-on workshops, case studies, and interactive sessions, all aimed at fostering an engaging and effective learning environment. Our expert instructors bring a wealth of knowledge and real-world experience, providing our clients with insights that can be immediately applied in their professional lives.

NETWORK

Our courses serve as a vibrant platform for professionals to connect and engage with a diverse community of peers, industry leaders, and experts. By participating in our programs, you gain access to an invaluable network that spans across various sectors and geographical boundaries. This networking aspect is not just about forming professional relationships; it's about creating a supportive ecosystem where ideas, opportunities, and collaborations can flourish.

GROW

Our courses are designed to challenge and inspire professionals to step out of their comfort zones and explore new horizons. Through a combination of theoretical knowledge and practical application, our programs help professionals refine their existing skills and acquire new ones, making them more versatile and competitive.

FAQs & Course Administration Details:

This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on Phone: +254 715 077 817 or Email: [email protected].
The instructor led trainings are delivered using a blended learning approach and comprise of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields. All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.
Upon successful completion of this training, participants will be issued with an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
Payment should be transferred to IRES account through bank on or before start of the course. Send proof of payment to [email protected].
Accommodation and airport pickup are arranged upon request. For reservations contact the Training Officer. Email: [email protected] Phone: +254 715 077 817.

Who else has taken this course?


# Job Title Organisation Country
1 Director Revenue Collection KAMPALA CAPITAL CITY AUTHORITY Uganda