Tax Penalties, Interest & Sanctions Training Course
Tax Penalties, Interest & Sanctions Training Course provides participants with a deep understanding of tax penalties, interest calculations, and sanctions imposed by tax authorities for non-compliance.
Course Overview
Tax Penalties, Interest & Sanctions Training Course
Introduction
Tax Penalties, Interest & Sanctions Training Course provides participants with a deep understanding of tax penalties, interest calculations, and sanctions imposed by tax authorities for non-compliance. Participants will explore how penalties are determined, strategies for compliance, and methods to mitigate tax-related risks. The course emphasizes practical application, case studies, and legal frameworks that guide the imposition and management of tax penalties and interest.
By the end of the course, participants will be equipped to analyze, interpret, and respond effectively to tax authority notices, ensuring accurate compliance and reducing exposure to financial and legal consequences.
Training Objectives
- Understand the legal framework governing tax penalties, interest, and sanctions.
- Identify different categories of tax penalties and their implications.
- Calculate interest on overdue tax payments accurately.
- Analyze the causes and effects of tax non-compliance.
- Interpret relevant tax laws and administrative guidelines.
- Learn methods to appeal or contest tax penalties.
- Explore best practices for compliance and risk mitigation.
- Understand sanctions for tax evasion and fraud.
- Develop internal controls to prevent tax infractions.
- Evaluate real-world case studies of tax sanctions.
- Recognize taxpayer rights and responsibilities.
- Learn to engage effectively with tax authorities.
- Strengthen ethical decision-making in tax administration.
Target Audience
- Tax professionals and auditors
- Accountants and finance officers
- Business owners and managers
- Compliance and risk officers
- Legal practitioners
- Revenue authority staff
- Policy makers
- Consultants and advisors
Course Duration: 5 Days
Course Modules
Day 1: Overview of Tax Compliance Framework
- Introduction to tax administration systems
- Key principles of tax compliance
- Legal foundations of tax penalties and interest
- Administrative processes for imposing sanctions
- Case Study: Tax penalty administration in Kenya Revenue Authority
Day 2: Types and Classification of Tax Penalties
- Civil vs. criminal tax penalties
- Penalties for late filing, underpayment, and evasion
- Determining factors for penalty severity
- Interaction between penalties and taxpayer behavior
- Case Study: Comparative analysis of corporate tax penalties
Day 3: Computation of Interest and Surcharges
- Formulae for interest on late payments
- Practical exercises on penalty computation
- Adjustments and waivers of penalties
- Effects of compound vs. simple interest
- Case Study: Penalty computation audit review
Day 4: Appeals, Reviews, and Dispute Resolution
- Taxpayer rights in penalty disputes
- Administrative appeal procedures
- Negotiation and settlement of tax liabilities
- Legal remedies and judicial review
- Case Study: Successful appeal of a VAT penalty
Day 5: Sanctions and Compliance Strategies
- Sanctions for tax fraud and evasion
- Building internal controls for compliance
- Corporate governance and tax ethics
- Preventive measures against non-compliance
- Case Study: Corporate compliance and voluntary disclosure
Training Methodology
- Interactive lectures and discussions
- Practical computation exercises
- Real-world case studies and role-plays
- Group presentations and peer learning
- Expert facilitation and Q&A sessions
Register as a group from 3 participants for a Discount
Send us an email: info@datastatresearch.org or call +254724527104
Certification
Upon successful completion of this training, participants will be issued with a globally- recognized certificate.
Tailor-Made Course
We also offer tailor-made courses based on your needs.
Key Notes
a. The participant must be conversant with English.
b. Upon completion of training the participant will be issued with an Authorized Training Certificate
c. Course duration is flexible and the contents can be modified to fit any number of days.
d. The course fee includes facilitation training materials, 2 coffee breaks, buffet lunch and A Certificate upon successful completion of Training.
e. One-year post-training support Consultation and Coaching provided after the course.
f. Payment should be done at least a week before commence of the training, to DATASTAT CONSULTANCY LTD account, as indicated in the invoice so as to enable us prepare better for you.