බදු නීතිය හා ආදායම් බදු ගණනය
One-Day Practical Training Programme for Accountants, Finance Officers, Auditors, Administrative Officers, and Public Sector Professionals
Understand Sri Lankan Tax Laws and Learn How to Calculate Taxes Correctly
Taxation is one of the most important areas of financial management. Government institutions, public enterprises, local authorities, universities, and private sector organizations must comply with tax laws and regulations while ensuring accurate tax calculations, deductions, reporting, and payments.
Frequent amendments to tax legislation make it essential for finance professionals and administrators to stay updated with current tax requirements. This practical training programme provides participants with a clear understanding of Sri Lankan tax laws and practical skills for computing taxes accurately.
More Details:
Phone: 0777 889838
Why Tax Knowledge is Important
Incorrect tax calculations and non-compliance can lead to:
- Penalties and surcharges
- Interest charges
- Tax disputes
- Audit observations
- Financial losses
- Legal consequences
- Reputational damage
A sound understanding of tax laws helps organizations comply with regulations while managing tax obligations efficiently.
Who Should Attend?
This programme is suitable for:
- Accountants
- Chief Accountants
- Finance Managers
- Finance Officers
- Internal Auditors
- Administrative Officers
- Payroll Officers
- Revenue Officers
- Directors
- Human Resource Officers
- Procurement Officers
- Provincial Council Officers
- University Finance Staff
- State Corporation Officers
- Ministry and Department Officials
Learning Objectives
At the end of the programme, participants will be able to:
- Understand key provisions of Sri Lankan tax laws
- Calculate income tax accurately
- Apply withholding tax requirements
- Understand VAT regulations
- Identify tax compliance requirements
- Avoid common tax calculation errors
- Improve tax reporting and documentation
- Reduce tax-related risks
Course Content
Introduction to Sri Lankan Tax System
- Overview of Sri Lankan Tax Structure
- Direct Taxes and Indirect Taxes
- Responsibilities of Taxpayers
- Tax Administration Framework
- Current Tax Developments
Income Tax Fundamentals
- Introduction to Income Tax
- Taxable Income
- Assessable Income
- Total Statutory Income
- Tax Residency Rules
- Sources of Income
Computation of Income Tax
- Employment Income
- Business Income
- Investment Income
- Other Sources of Income
- Allowable Deductions
- Qualifying Payments
- Tax Computation Methods
Corporate Income Tax
- Corporate Tax Principles
- Taxable Profits
- Adjustments to Accounting Profits
- Capital Allowances
- Tax Rates
- Filing Requirements
Individual Income Tax
- Personal Income Tax Calculation
- Tax-Free Thresholds
- Tax Slabs and Rates
- Employment Taxation
- Tax Reliefs and Concessions
Withholding Tax (WHT)
- Overview of Withholding Tax
- Payments Subject to WHT
- Deduction Procedures
- Reporting Requirements
- Compliance Obligations
Value Added Tax (VAT)
- VAT Registration Requirements
- Taxable Supplies
- Output VAT
- Input VAT
- VAT Computation
- VAT Returns and Compliance
Social Security Contribution Levy (SSCL)
- Overview of SSCL
- Computation Methods
- Compliance Requirements
- Reporting Obligations
Tax Administration and Compliance
- Tax Returns
- Payment Deadlines
- Record Keeping Requirements
- Tax Audits
- Revenue Investigations
Tax Planning and Risk Management
- Tax Compliance Best Practices
- Managing Tax Risks
- Internal Controls for Tax Compliance
- Common Tax Errors
- Audit Readiness
Common Tax Issues Discussed
Participants will learn how to avoid:
- Incorrect tax calculations
- Late tax payments
- Incomplete tax records
- VAT errors
- Payroll tax mistakes
- Withholding tax compliance failures
- Tax audit issues
- Incorrect tax return submissions
Practical Exercises Included
Participants will gain hands-on experience in:
- Income Tax Computations
- Corporate Tax Calculations
- Employment Income Tax Calculations
- VAT Calculations
- Withholding Tax Calculations
- Tax Return Reviews
- Tax Compliance Assessments
Benefits of Attending
Participants Will Learn How To:
✔ Calculate taxes accurately
✔ Understand current tax laws and regulations
✔ Improve tax compliance
✔ Reduce tax-related risks and penalties
✔ Prepare tax computations confidently
✔ Strengthen financial management practices
✔ Improve audit readiness
✔ Enhance professional knowledge and competence
Why Choose PRAG Institute?
PRAG Institute has extensive experience conducting professional development programmes for accountants, finance officers, auditors, administrators, and public sector professionals throughout Sri Lanka.
Our programmes focus on practical applications, current legislation, real-world tax scenarios, compliance requirements, and best practices that participants can immediately apply in their workplace.
Frequently Asked Questions
Is this programme suitable for beginners?
Yes. The programme covers both fundamental and advanced tax concepts, making it suitable for officers with varying levels of experience.
Will recent tax changes be discussed?
Yes. The programme includes updates on current tax laws, regulations, and administrative requirements.
Is this programme useful for public sector organizations?
Yes. Public enterprises, statutory bodies, universities, and government institutions involved in tax compliance can greatly benefit.
Will practical tax calculations be included?
Yes. Participants will work through practical tax computation examples and case studies.
Register for the Tax Law & Computation of Tax Training Programme
Develop the knowledge and skills needed to understand Sri Lankan tax laws, calculate taxes accurately, and improve tax compliance within your organization.
Contact PRAG Institute
Phone: 0777 889838
Email: info@pragservice.com
Website: www.pragservice.com