Corporate Income Tax (CIT) Masterclass
Course Overview:
This training program is designed to provide accountants, tax professionals, graduates, and business owners with a comprehensive understanding of Ghana’s Corporate Income Tax (CIT) regime. Participants will learn the fundamentals of corporate tax compliance, including the self-assessment process, how to determine chargeable income, and rules governing deductions and capital allowances. Additionally, the program covers the utilization of tax losses and withholding tax credits, as well as the penalties and offences associated with non-compliance. This course aims to equip participants with the knowledge and tools needed to effectively manage corporate tax obligations in Ghana.
Learning Objectives:
By the end of this training, a participant will be able to:
-
Understand the key features and structure of Ghana’s Corporate Income Tax regime, including the tax rates and filing requirements. -
Effectively navigate the corporate self-assessment system and understand its implications for businesses. -
Accurately determine chargeable income by applying Ghana’s tax laws and allowable deductions. -
Apply general and specific deduction rules to maximize allowable deductions while remaining compliant. -
Calculate capital allowances and incorporate them into tax filings. -
Utilize tax losses and withholding tax credits to minimize tax liabilities. -
Identify potential offences and penalties associated with non-compliance and develop strategies to ensure adherence to tax laws.
Target Audience:
-
Aspiring accountants and bookkeepers -
Business owners and entrepreneurs who want to better manage their finances -
Professionals looking to build foundational accounting skills. -
Finance students looking to reinforce their knowledge of practical accounting processes.
Course Content
-
Overview of Ghana’s CIT regime -
Understanding corporate self-assessment and its implications -
Determination of chargeable income -
General and specific deduction rules -
Capital allowance rules and computation -
Utilization of tax losses and withholding tax credits -
Offences and penalties
Rate: GHS 1,599.00
Sign Up Now
Facebook-f
Twitter
Tumblr
Instagram