-- Lunch, Tea Break & Refreshment will be arranged by the organizer
-- Training Materials will be provided by the organizer
-- Seats are limited and will be served on 'First Come-First Serve' basis
-- Participants will be awarded certificates at the end of the session

Who Should Attend

Organisations like
1) Government, 2) Semi-government, 3) Autonomous institution, 4) NGOs,
5) Bank, 6) Insurance 7) Financial Ins. 8) Limited Co, 9) Educational institute. 10) More than one crore turnover co.

New VAT Law and VAT Deduction at Source (VDS)

Date : 22 Jan 2016
Time : 10:00AM to 6:00PM
Fee  : 3500.00 BDT
Training venue :
UTC Tower (Ground Floor), 8 Panthapath, Dhaka (Beside Basundhara Shopping Complex)
Training Objective
Overview of this Training
VAT is a new dimension in the tax area of Bangladesh. Although it has been in practice since 1991 - however, still our academic resources are not sufficient and good enough to address these accounting aspects systematically. Government nowadays is very much harsh in collection of VAT from all relevant sources. The scope of the VAT is increasing day-by-day. It is true that all VAT-able traders and service renderers are paying VAT but still they are not in a position to keep their records as per VAT act and rules to substantiate their legitimate position. VAT authorities are not also accommodating in this perspective. Therefore, taxpayers are in a dilemma to tackle this critical diverse situation. Keeping in mind the busy schedule of the management of the 21 century and the need of clear understandings about VAT transactions and the magnitude of the presentation would be optimal so that participants can derive maximum benefits and effectively handle the complexities of VAT related issues in their day to day affairs.

Objective of this Training
France in 1954 and Bangladesh in 1991 has introduced VAT. At present approximately 147 countries are exercising VAT in the world. Since inception of VAT, Government has been modernizing and simplifying this tax policy. This FY 2015-16, there are also many changes in Acts, Rules, SROs and Regulations as part of its simplification. To clarify all dilemma and changes, first we need to understand than to be understood. So fill up the gap between theory and practice to minimise cost of business and pay VAT perfectly.

This training Content
Amongst areas of VAT, VAT Deduction at Source (VDS) is different from other areas, because 10 (ten) authorities or service receivers have to deduct VAT at sources on 38 specific services. If it is not deducted properly in time, an additional 2% interest and monetary penalty will be the final consequences.This FY 2015-16, there are also many changes in Acts, Rules, SROs and Regulations for VAT deduct at part of its simplification. To clarify all dilemma and changes, first we need to understand than to be understood. So fill up the gap between theory and practice to minimise cost of business and pay VAT perfectly in accordance with law.

Participants will be able to after this course:
-acquire up-to-date knowledge, procedures and formalities of VAT Deduction at Source.
- develop knowledge and guidelines regarding Deduction of VAT at Source;
- run the fiscal management in their organisations in far better way;
- protect their organisations from future troubles;
- develop their career in VAT, finance, procurement, management, audit and accounting, supply chain etc.
-find solutions to commonly asked questions in the area of VDS
Training Content
1. What is VAT at source?

2. Who should deduct VAT at source?

3. Where VAT is to be deducted at source?

4. Rates of VAT deduction at source;

5. Special Procedures regarding Procurement Provider;

6. Formalities to be observed by the supplier of goods and services;

7. Formalities to be observed by the deducting authorities;

8.What to do and what not to do

9.How to reduce cost of business?

10.Source (VDS)

11. A list of Questions regarding VAT Deduction at Source

12. Miscellaneous
Facilitator(s) Profile

Md. Lutfor Rahman
Commissioner (Customs & VAT)
Government of The Peoples Republic of Bangladesh
  Md. Lutfor Rahman joined Bangladesh Civil Service as Assistant Commissioner of Customs in the year 1988. Since then, he worked in diverse areas including revenue collection, customs fraud, anti smuggling program, prevent commercial fraud etc. He worked as Deputy Commissioner of the Customs House to implement the Export and Import policy of the country. He was also involved in policy formulation and implementation in Customs Administration. In Chittagong, he worked as Deputy Director, Customs, Excise and VAT Training Academy to monitor and formulate training program for the new entrants. During his job tenure in CAM-1 project as Training In-charge financed by the World Bank on lien from the National Board of Revenue, he worked to develop and formulate international standard and acceptable Customs declaration according to UN layout plan. Between September 2001 and January 2004, he was posted at ICD custom station under Customs House Dhaka, and looking after, among others, ASYCUDA ++ system, supervising import and export including Garment bonded warehouse. He was made First Secretary (Customs) of National Board of Revenue in January 2004 with responsibility to help Customs policy making and coordinate budget activities of the country. Mr Rahman attended many trainings namely modern system of application of customs regulations under Singapore Co-operation program, VAT management in UK Customs, Risk assessment, profiling, and targeting organized by World Customs Organization in Manila. Prior to his present designation, he carried out his responsibilities as Additional Commissioner of Customs at Custom House Dhaka & In-charge of Zia International Airport, Commissioner of customs at Appeal Commissionerate, Dhaka, Custom House Chittagong, Director General at DEDO office, Dhaka.
Registration Details
Registration payment can be made by cash or A/C Payee cheque in favor of Business Express, before January 21, 2016, till 11:35 pm

Registration Point
Business Express H:38/A (3rd Floor),R: 9/A Dhanmondi, Dhaka-1209

Mob: 01717801435

Last date of registration: Thursday, 21 Jan 2016
We offer In-House/Customized training on Sales, Leadership, Finance, HR, RMG or any Soft Skill Topics.