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UID:646@x8ti.com
DTSTART;TZID=Asia/Kuala_Lumpur:20251124T090000
DTEND;TZID=Asia/Kuala_Lumpur:20251128T130000
DTSTAMP:20241106T193343Z
URL:https://x8ti.com/event/effective-revenue-collection-strategies-5/
SUMMARY:Effective Revenue Collection Strategies
DESCRIPTION:Introduction\n\nWhat is Revenue Collection? Revenue collection 
 in general terms relates to a government agency’s actions to collect out
 standing financial obligations from the public. Revenue may come from a va
 riety of sources such as taxes\, license fees\, fines or use of state faci
 lities. Revenue collection is also the general and broad collection of rev
 enue for debts owed or owed revenue by persons or businesses.\n\nWhy is re
 venue collection important? All governments need to have effective revenue
  collection strategies in place to make sure sufficient cash is made avail
 able to pay operational costs. It is a best practice to review all points 
 of revenue collection as well as to have policies and ordinances in place 
 annually.\n\nThis Xcelerate Training Institute Course will empower partici
 pants on general collection of revenue for debts owed or owed revenue by p
 ersons or businesses. This will also cover topics on revenue collection li
 ke the assessment of billing of taxes and other revenues\, accounting\, in
 ternal controls and auditing\, collecting and processing taxes\, other rev
 enues and enforcement of revenue collections. Learn the principles employe
 d to boost staff morale and encourage taxpayer participation.\n\nLearning 
 Objectives\n\nOn successful completion of Effective Revenue Collection Str
 ategies Course\, participants shall be able to:\n\n 	Know the relevant cha
 nges in the new revenue collection guidance\n 	Familiarize the technical a
 spects of the principal steps of revenue collection in the new standards\n
  	Learn the implications of “rules-based” and “principles-based” r
 evenue collection standards\n\nTraining Methodology\n\nThis collaborative 
 Effective Revenue Collection Strategies Course\, will comprise the followi
 ng training methods:\n\n 	Lectures\n 	Seminars &amp\; Presentations\n 	Gro
 up Discussions\n 	Assignments\n 	Case Studies &amp\; Functional Exercises\
 n\nXcelerate Training Institute Talent Solutions follows ‘Do-Review-Lear
 n-Apply’ model.\n\nBenefits For Your Organization\n\nOn successful compl
 etion of the Effective Revenue Collection Strategies Course\, participants
  shall be able to benefit their organization in the following ways:\n\n 	M
 ake better decisions through data-driven insights\n 	Redefine business pro
 cesses with taxpayers at the center\n 	Generate a 360-degree view of taxpa
 yer needs and behaviors\n\nBenefits For You\n\nSuccessful completion of Ef
 fective Revenue Collection Strategies Course\, shall benefit participants 
 in the following ways:\n\n 	Predict taxpayers at risk of default\n 	Empowe
 r proactive\, personalized payment plans and support for taxpayers to bett
 er manage their financial obligations\n 	Realize and implement targeted ca
 mpaigns to reduce levels of debt\n\nTarget Audience\n\nThis Effective Reve
 nue Collection Strategies Course would be suitable for:\n\n 	Accountants\n
  	Tax advisers\n 	General tax practitioners\n 	Tax practitioners in adviso
 ry firms\n 	Tax specialists in commercial and trade industries\n 	Governme
 nt officials\n 	Government agencies\n 	In-house tax directors/managers\n 	
 Tax regulation bodies\n\nCourse Outline\n\nIntroduction\n\n 	Introduction 
 to revenue collection\n 	Need to maximize tax revenue\n 	OECD Guidelines\n
  	Fiscal Policy\n 	Revenue collection in relation to GDP\n 	Develop/ devel
 oping countries\n 	Confidence in Government\n 	Government Spending\n 	Fede
 ral v/s State Tax\n\nTypes of Revenue\n\n 	Income Tax\n 	Corporate Tax\n 	
 VAT / Sales Tax\n 	Custom Duty\n 	Excise Duty\n 	Others\n\nIncreasing the 
 Tax Base\n\n 	Mandatory Registration for VAT/ Sales Tax\n 	Encouragement o
 f Self-Assessment\n 	Fair &amp\; efficient refund system\n 	Effective comm
 unication with taxpayers\n 	Simplify Taxation system\n\nOther Indirect Met
 hods\n\n 	Linking Tax Payments with other transactions\n 	Use of Internet/
  Mobile\n 	Matching Sales Tax with Sales/ Purchases\n 	Introduction of Tur
 nover / Fixed Taxation\n\nBudget\n\n 	Budget Formulation\n 	Stakeholders i
 n budget exercise\n\nRole of Federal Tax Authority \n\n 	Reforms in Taxati
 on system\n 	Minimize Exemptions\n 	Large Taxpayer unit\n 	Introduction of
  Advance Tax\n 	Closing loopholes\n 	Minimize corruption\n 	Efficient M.I.
 S. System\n 	Performance Analysis\n 	Accurate / Timely Information\n\nGove
 rnance in Tax Departments\n\n 	Improved Governance\n 	Composition of Effic
 ient Board of Directors/ Governance\n 	Inducting Independent Directors / P
 rofessionals\n 	Consequences of bad governance\n\nImportance of Internal c
 hecks\n\n 	Necessity of Internal controls\n 	Effective Internal Checks\n 	
 Efficient Audit system\n 	Role of Internal Auditor\n\nCase Study \n\n 	O.F
 . UAE\n\n&nbsp\;
ATTACH;FMTTYPE=image/jpeg:https://x8ti.com/wp-content/uploads/2024/11/What
 sApp-Image-2024-10-25-at-10.01.19-AM5.jpeg
CATEGORIES:Tax and Revenue
LOCATION:http://online
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