This course focuses on taxation principles and practice in Nigeria. It will assess students’ understanding of the role of taxation in personal and corporate financial planning and decision-making. It will also improve the students’ ability to identify and inform clients about opportunities to reduce potential tax liability by making full use of available options. It will also put the participant’s ability to predict and respond to current and future tax laws and administration in Nigeria to the test.
What you’ll learn
- Tax Practice and Administration
- Determination of profits, Basis of Assessment, Total profits and sources of profits and losses
- Tax Audit and Investigation
- Tax Effects of Privatization and Commercialization
- Tax Planning and Tax Avoidance
- Capital Gains Tax
- Education Tax and Tertiary Education Tax
- Pioneer Legislation (Industrial Development Income Tax Decree)
- Petroleum Profits Tax- Administration of Petroleum Profit Tax
- Assessable Tax and Chargeable Tax, Concepts and Computations of Posted prices
- The administration of Stamp Duty
Requirements
Candidates must;
- Be proficient in English Language
- Have access to either a computer or smartphone with internet connectivity
- Be equipped with quality webcam and headphones
Duration & Fees
- Regular – 8 Weeks – ₦150,000
- Fast-Track – 6 Weeks – ₦225,000
Program Dates
- August – October, 2024
- October – December, 2024
- February – April, 2025
- May – July, 2025
Curriculum
- 7 Sections
- 49 Lessons
- 10
- Module 1: Introduction to Tax Practice and Administration:5
- Module 2: Tax Audit and Investigation:6
- Module 3: Taxation of Non-Residence in Nigeria and Double6
- Module 4: Education Tax and Tertiary Education Tax8
- 4.1Purpose, Objective and Basis of Computation
- 4.2Assessment and Collection
- 4.3Distribution of the Fund
- 4.4Management and Administration of the TETFUND
- 4.5Tax Rate and Assessing Authority
- 4.6Composition and Functions of the Board of Trustees
- 4.7Offences and Penalties
- 4.8Problems associated with Education Tax as a Sectorial Tax
- Module 5: Capital Gains Tax8
- 5.1Nature and Objectives of Capital Gains Tax
- 5.2Administration of Capital Gains Tax
- 5.3Allowable and Disallowable Expenditure
- 5.4Computation of Chargeable Gains
- 5.5Exemption from Capital Gains Tax
- 5.6Disposal and Acquisition of Assets
- 5.7Reliefs and Delayed Remittance Relief
- 5.8Roll-Over Relief (Section 32 CGT Act)
- Module 6: Petroleum Profits Tax8
- 6.1Definition as given in PPTA
- 6.2Administration of Petroleum Profits Tax
- 6.3Ascertainment of Adjusted Profits and imposition of Tax
- 6.4Allowable and Non-allowable Deductions
- 6.5Treatment of Losses in Petroleum Profits Tax computations
- 6.6Capital Allowances
- 6.7Ascertainment of Assessable Tax and Chargeable Tax
- 6.8Concepts and Computations of Posted Prices
- Module 7: Stamp Duties8
- 7.1Purpose and Administration of Stamp Duty
- 7.2Responsibilities of the Commissioner of Stamp Duty
- 7.3Territorial Limits
- 7.4Provisions applicable to Instruments
- 7.5Forms of Stamp Duties
- 7.6Methods of stamping of Instruments and Adjudication
- 7.7Stamping and collection of duties on corporate instruments
- 7.8Implications for Non-Stamping of Instrument
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