The 3-day tax training covers introduction to business tax, gross income, and deductions. Day 1 introduces tax definitions, principles of a good tax system, direct and indirect taxes. It also distinguishes tax avoidance from evasion and explains tax rates. Day 2 defines gross income and its components, accrual of income, income source, capital vs revenue receipts, and exempt amounts. Day 3 states the deductions formula, incurrence of expenditure, capital vs revenue expenditure treatment, specifically allowable deductions, loss treatment, and prohibited deductions.

1. TAX TRAINING OBJECTIVES
Day 1: Introduction to Business Tax
- Introduction and definition of tax and its purposes
- Canons (Characteristics/generally accepted principles or
rules) of a good Tax system (CEEE)
- Explain the concept of a tax base (CIA)
- Explain and give examples of Direct and Indirect taxes &
Identify the main types of taxes
- Distinguish between Tax avoidance and Tax evasion & also
Explain the structure of Tax rates (PRP)
Day 2: Gross Income
- define Gross Income and state its components
- explain the concept of the accrual of income
- state the circumstances in which income is deemed to be
from a source situated
- distinguish between receipts or accruals of a capital nature
and those that are of a revenue nature
- state the amounts that are exempted from Income tax

2. Day 3: Deductions
- state and explain the general deductions formula
- explain the incurrence of expenditure as a basis of claiming
deductions
- differentiate between Capital and Revenue Expenditure and
their treatment for tax purposes
- state the amounts that are specifically allowable as
deductions
- explain the treatment of assessed losses
- state the expenses that are specifically prohibited as
deductions