Mastering the Fundamentals of Business Taxation
- 24th September 2024
- 8:30 am to 4:15 pm
- Hennessy Park Hotel
- MUR 17,000 (HRDC refund)
- MQA approved
- CPD: 7.5 units
Objectives of the course
The main purpose of the course is to enhance the knowledge of participants on the main aspects surrounding business taxation to enable them to apply proper tax treatment in their tax calculations and prepare the tax returns for self-employed individuals/ Companies accurately to mitigate any risks of adverse tax litigations.
Learning Outcomes
- At the end of the training, participants will be able to:
- Comprehend the Fundamentals that underlie Business Income Taxation.
- Determine the tax impact of each item of Income and Expenditure.
- Calculate the Tax payable/Tax losses in an efficient manner.
- Fulfil the tax reporting requirements confidently.
Course Contents
- What is the Basis of Business Taxation (Income Tax for self-employed persons and for Companies)?
- What are the Badges of Trade?
- Identify the different types of business Income that are liable to income tax.
- Identify the expenditures which are regarded as Allowable or Non Allowable Deductions.
- How to compute Capital Allowances on Non-Current/ Capital Assets?
- How and when to apply Tax Deduction at Source (TDS)?
- How to calculate the tax payable/ tax losses derived by Companies and Self-Employed Individuals?
- Operation of the Advanced Payment System (APS) and Current Payment System (CPS).
- What needs to be disclosed in the Tax Returns?
- Practical Case Law on taxation of Income and deduction of Expenditure.
- Knowledge check – Test Your Knowledge Questions, MCQs, FAQs and Case Studies
MEET THE TRAINER
MARIO HANNELAS
Head of Tax Advisory at DTOS Group
A former Top Executive from the Mauritius Revenue Authority with more than 40 years’ experience in taxation, Mr. Hannelas has occupied various positions in the Mauritius Public Service, such as Chief Investigating Officer at the Income Tax Department, Deputy Commissioner of Income Tax, Commissioner of Large Taxpayer Department and as the Technical Adviser on International Taxation to the Director General of the Mauritius Revenue Authority (MRA). He is a fellow member of the Association of Chartered Certified Accountants of UK and holds a post graduate diploma (DESS) in Tax Administration from the University of Paris Dauphine, France and is a member of the Mauritius Institute of Professional Accountants (MIPA).
