Managing taxation in Uganda / Mugume Christine.

Contents;

Module 1: Principles of Taxation
why you need to understand tax
definition of tax and the law governing tax system
principles of taxation or criteria for a good tax system
The legality of taxes collected by central government
administration of taxes

Module 2: Employment income
Statutory provisions
lump sum payments/terminal benefits
non-taxable benefits
Taxation of expatriate staff
local service tax (LST)

Module 3: Business income
what is business
business income
statutory provision on income from business
adjustment of profits for tax purpose
income exempt from tax

Module 4: Property income
interest income
rental income
royalty income
natural resource payment
annuity

Module 5: Capital deductions
wear and tear allowance on depreciable assets
industrial building deductions
farming (capital) deductions

Module 6: Capital gains tax
definition of business assets
cost base of an asset
consideration received
nonrecognition of gains or losses

Module 7: IAS 12 Deferred tax
Recognition of deferred taxes
measurement of deferred tax
group financial statements
computation of deferred tax

Module 8:Taxation of individuals
Residence status of individuals
Chargeable income of a resident individual
Comprehensive example
General comment on filing of individuals tax returns

Module 9: Taxation of companies
what is a company
important areas to consider when reviewing companies for tax purpose
other aspects to consider
Deriving chargeable income

Module 10: Partnership
Definition and principles of taxation for partnerships
Existence of partnership
Tax cases in relation to partnership business

Module 11: Taxation of a pension and a trust
what is a pension fund
The tax law
Taxation of trusts and benefits

Module 12: Taxation of insurance business
Short term insurance business
Tax treatment of UPR and IBNR
Deposit administration plan

Module 13: Taxation of mining business (oil &Gas)
Overview of petroleum fiscal system
The regulatory environment
Provision of income tax act

Module 14: Taxation of leasing business
IAS 17.accounting treatment of leases
capital allowances on leased items
The accounting versus the taxation argument
international best practice
Importance of leasing business

Module 15: Transfer pricing
Transfer pricing methods
Administrative approaches to avoid TP disputes
Transfer pricing common key focus areas
Transfers of tangible property between related parties

Module 16: International taxation
Importance of residence status
Branches
Tax on international agreement
statutory provisions on international agreement
Anti-avoidance provisions

Module 17: Basic principles of withholding ta(x WHT) contents
what is withholding tax (WHT)
Definitions of specific terminologies
WHT on international payment
WHT on payments to foreign entertainers and sports persons
WHT on payments to non-resident contractors or professionals
WHT on dividends
WHT on interest earned by banks on government treasury bills
WHT on goods and services

Module 18: Aspects of foreign currency
Introduction
Provisions of the law
Tax treatment
Accounting for realized and unrealized foreign exchange gains/losses
Tax conversion rate
Comprehensive illustration

Module 19: Incomes tax returns and assessments
E-Filing/furnishing of return of income
Due dates for filing of returns of income
Computation of estimated chargeable income
Extension of the time to furnish a return of income
Small business taxpayers
Assessments
Payment of taxes/E-payment
Offences and penalties
Tax clearance certificate (TCC)

Module 20: Value added tax
Registration
Supply of goods and services
Zero rated supplies (goods and services)
Exempted supplies
Mixed supplies
Place of supply
Time of supply/tax point
Valuation of supplies
Accounting for VAT
Output VAT and its adjustments
Input tax
Annual adjustment to the VAT account
VAT account and records
Filing of VAT Return
Principal and Agent Situation
Common errors and problem encountered in administering VAT
Offences Interest and penalties
Appeals
End of module Questions
Compliance Checklist as a tool to plan and manage your VAT Account

Module 21: East African Community and Customs Union
Introduction
Customs Union
Rules of origin
The Customs Law (EAC-CMA)
Advantages of Customs Union and Challenges under customs union
Trade Facilities/Opportunities Under the Customs Union
Valuation and Assessment Methods
Importation-Entry, Examination and Delivery of Cargo
Goods in Transit Shed
Customs Warehousing Procedures
Customs Bonded Warehousing Procedures
Importation by Post
Exportation
Manufacturing under Bond (MUB)
The Export Processing Zone
Goods Destined to a Freeport
Smuggling and its Effects
Computation of Duties (Review Questions)

Module 22; Excise Duty Guide and Duty Drawback
Provisions for Excise Duty
The excisable goods and services
How to register for Excise duty
Common Mistakes when accounting for Excise Duty
Remission, Rebate & Refund of Duty
Records
Filing of Monthly Returns
Duty Drawback
Customs & Excise-Warehousing Business Rules (BR)
General penalty

Module 23: Objections and Appeals
Objections and Appeals
Definitions
General Provisions about Objections
Objection Procedure under the East African Community Customs Management Act 2004
Objection and Appeal Procedures under the Value Added Tax Act, Cap 349
Objection and Appeal under the Income Tax Act, Cap 340

Module 24: Questions and Answers

Includes index.