Tax And Raising Revenue (NQF Level 7)

Tax and Raising Revenue course is offered by PSAAA (Public Sector Accountancy And Audit Academy). We are an accredited institution, offering training to public sector accounting and auditing professionals.

We help to increase your knowledge, skills, and abilities to improve competency and productivity. We increase the knowledge and skills to ensure accountability in the prudent management of public financial resources.

Outline:

• Outline the tax legislation governing the Public Sector:
  • Tax administration act
  • Tax legislation
  • Tax regulation permitted under the tax administration
• Discuss the criteria of tax compliance applied in the Public Sector:
  • Monitoring compliance in four domains applicable to public sector
  • Government tax policy
  • Monetary policy
  • Fiscal policy
  • Tax compliance
• Describe the different sources of revenue for government such as direct and indirect tax, levies, fees, fines and its application in the Public Sector:
  • Definition of tax
  • Forms of tax
• Direct tax
• Indirect tax
  • Different sources of revenue
  • Administration costs of a tax system
• Define tax planning, tax avoidance, and tax evasion and ways in which governments can limit these to maximise domestic resource mobilisation:
  • Define tax planning
  • Define tax avoidance
  • Define tax evasion
  • Domestic resource mobilisation