Managing Personal Income Tax | KPMG | NG

Managing Personal Income Tax

Managing Personal Income Tax

26 April 2017, 8:30AM - 5:30PM, WAT Lagos, Nigeria

In this world nothing can be said to be certain, except death and taxes.” So said Benjamin Franklin in 1789, and so it still is today.

In Nigeria, the certainty of the imposition of taxes on income earned by individuals is guaranteed by the provisions of the Personal Income Tax (PIT) Act (as amended by the PIT (Amendment) Act, 2011).

For individuals in paid employment, the Operation of Pay-As-You-Earn (PAYE) Regulations further guarantee payment of PIT on employment income, by requiring employers to deduct the appropriate tax, in their capacity as agents of the government. Unfortunately, for many employers, this statutory role has become a landmine that triggers periodic tax audit liabilities and/or interest and penalty charges.

Some other employers are interested in compensation structuring options that can be adopted under the new PIT regime – following the amendments made to the PIT Act in 2011 – but are not aware of viable tax planning options that can be implemented.

This training programme will equip participants with the knowledge and skill required to effectively manage PIT/PAYE tax within the ambit of the law.

The programme will focus on the following key concepts/issues, among others:

• The legal basis of PIT

• How to compute PIT

• PAYE reporting requirements

• Legitimate techniques for managing PIT/ PAYE tax exposure.

Fee Timings

N100,000 per participant, exclusive of VAT.

5% discount for 3 to 4 participants and

10%discount for 5 participants and above

Duration: 1 Day

Dates: 26 April 2017

Time: 08:30 AM - 05:30 PM

Venue/Location Who Should Attend?

KPMG Tower

Bishop Aboyade Cole Street

Victoria Island,Lagos,

Nigeria.

All Finance, Tax and Human Resources staff with some form of responsibility for payroll management, PIT/PAYE tax compliance and administration.

 

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