Fundamentals
Target audience
- Certified Public Accountants, Auditors
- Accounting Managers
1 day
New training
Prerequisites
It is necessary to understand the basic tax rules
Objectives
◗ Apply the key tax adjustments necessary to calculate taxable income.
◗ Determine the taxable income and then complete Form No. 2058 of the tax return package.
◗ Identify the accounting transactions that need to be restated for tax purposes.
◗ Calculate corporate income tax.
Training program
◗ Definition and Calculation of Taxable Income Subject to Corporate Income Tax
– Relationship between accounting income and taxable income
– Changes in accounting rules and adjustments to tax rules
– Consequences of differences between accounting and tax rules
– Tax period and the principle of independent fiscal years
✔ APPLY | Guiding practical example: allocating transactions to the fiscal year
– General rules for the deductibility of expenses
✔ UNDERSTAND | Examples and application diagrams
◗ From Accounting Income to Taxable Income: Key Adjustments to Be Made
– Expenses to be added back
• Extravagant expenses
• Purchases and external expenses
• Excess and non-deductible depreciation
• Non-deductible taxes
• Impact of the new tax on high incomes
• Accruals and accrued liabilities
• Excess interest
• Fines and penalties
– Income to be deducted
• Tax-exempt capital gains
• Parent-subsidiary dividend regime
• Income eligible for tax incentives
– Other adjustments
• The securities portfolio and net asset value differences
• Foreign currency transactions and translation adjustments
✔ APPLY | Guiding case study: Identify off-balance-sheet deductions and additions and calculate taxable income from accounting income
◗ Determine the taxable income and calculate corporate income tax (CIT)
– Offsetting Carryforward and Carryback Losses:
– Changes to and Management of Tax Credits
• Research Tax Credit (CIR): Elimination of Increased Rates
• Innovation Tax Credit (CII)
• Family Tax Credit (CIF)
– Corporate Income Tax Settlement
– Corporate Income Tax Rates
✔ APPLY | Step-by-Step Guide: Calculating Corporate Income Tax
◗ Fill out the tax return form (Forms 2058 A and B)
– Complete Form No. 2058
– Pay corporate income tax and complete Form 2572
✔ APPLY | Step-by-Step Guide – Summary: Complete Form No. 2058-A to determine the taxable income
Why choose this course?
You are responsible for preparing or reviewing the corporate income tax return.
This hands-on training course helps participants identify accounting transactions that need to be restated, apply tax rules, calculate taxable income and corporate income tax, and then accurately complete the forms in the tax return package.
Teaching and assessment methods
Before the training: Submit your expectations via your online portal 15 days before the training begins and complete a self-assessment of your skills.
Teaching Methods: A variety of teaching methods to cater to different learning styles, encourage active participation, and reinforce learning through experimentation and practice.
Educational materials: presentation materials, reference materials (summary sheets, tables, etc.), and other resources available in your account.
During the training: theoretical concepts are alternated with examples drawn from real-life cases. Participants are given the opportunity to engage in role-playing exercises. Numerous practical exercises allow participants to demonstrate their mastery of the skills as the training progresses.
Training monitoring and evaluation: attendance sheet and certificate of completion. Immediate and post-training evaluations conducted using the LearnEval platform.
Price
€1,175 (excluding tax)