MF140
Taxation
الضرائب المفروضة
LanguageLanguage: EN / AR

Course Overview

An introduction to the Income Tax Act and the Goods and Services Tax Act. Specific topics include:
the nature of income, taxation of common types of income, deduction of expenses, prohibition
of various types of expenses, provisional tax, and tax returns

Course Objective

By the end of this course it is expected that the student will be able to:

  • Research a tax law topic.
  • Identify and describe the determination and administration of Saui Arabia taxation.
  • Explain special types of taxation such as fringe benefit tax, goods and services tax, the taxation of land transactions and the taxation of personal property.
  • Identify and analyse domestic legal tax issues.
  • Complete Income Tax return.

Who Should Attend??

Entrepreneurs, accounts staff at any level, HR staff, payroll clerks, bookkeepers and similar

Course Outline

  • Researching Tax, Introduction, Nature of Income, FBT, Core Provisions
  • Capital/Revenue Receipts, Business Income
  • Business Income, Employment Income
  • Employment Income, Personal Property and Land
  • Land Transactions
  • Deductions
  • Repairs & Maintenance, Depreciation, Timing
  • Tax Returns
  • Provisional Tax

Training Methodology

  • Presentation & Slides
  • Audio Visual Aids
  • Interactive Discussion
  • Participatory Exercise
  • Action Learning
  • Class Activities
  • Case Studies
  • Workshops
  • Simulation