1 INTRODUCTION TO TAXATION
Definitions of Tax,
Objectives and Purposes of Taxation
Types of Taxes and Tax System
Basic Concepts in Taxation
Distinction between Taxes and Levies
Principles/Canons of Taxation
Sources of Nigerian Tax Laws
2 MULTIPLE TAXES
Nature of Multiple Taxes
Types of Multiple Taxes
Collection of Multiple Taxes
Federal Government’s Solution to Problem of Multiplicity of Taxes
The 1999 Constitution and Multiplicity of Taxes
History of Nigerian Tax System
3 ADMINISTRATION OF TAXES
Nature of Tax Administration
Organs of Tax Administration:
Federal Inland Revenue Service Board
Joint Tax Board (JTB)
State Board of Internal Revenue (SBIR)
Local Government Revenue Committee
Joint State Revenue Committee (JSRC)
4 TAX JURISDICTIONS
Taxes & levies imposed & collected by each tier of government
Taxes to be collected by the federal government
Taxes and Levies to be collected by State Governments
Taxes and Levies to be collected by Local Governments
Registration of Taxpayers (Incorporated Companies, and Others)
5 FILING OF TAX RETURNS
Nature of Tax Returns,
Relevant documents for filing Companies income tax returns
Time Limit for Filing Tax Returns, Audited Accounts
Penalty for Non-Compliance
Incentive Bonus for Early Filing of Tax Returns
Other Returns
Mid-Semester test
6 ASSESSMENT PROCEDURES
Best of Judgement (BOJ) Assessment
Additional Assessment
Back Duty Assessment
Service of Notice of Assessment
Final and Conclusive Assessment
COLLECTION PROCEDURES
Provisional Tax
Time Limit for Paying Tax
Currency of Payment of Tax
Penalty for Late Payment of Tax
Enforcement Procedures
TAX CLEARANCE CERTIFICATE
Introduction and Nature of Tax Clearance Certificate
Objective and Relevance of Tax Clearance Certificate
Penalties
Problems of Tax Clearance Certificate
7 OBJECTIONS AND APPEAL PROCEDURES
Objection to Tax Assessment
Contents of a Notice of Objection
Procedure for Raising Objection to Tax Assessment
Receipt of Notice of Objection
The Tax Appeal Tribunal
Hearing before the Tax Appeal Tribunal
Appeals before the Federal High Court
8 DETERMINATION OF RESIDENCE
Introduction
Determination and Importance of Residence
Resident Individual
Non Resident Individual
Residence and Nationality
Place of Residence
Principal Place of residence
Residence of Different Categories of Individuals
Meaning of Income
Earned Incomes
Unearned Incomes
Corporation Sole
Resolving Dispute over Residence Rule Application
9 RELIEFS AND ALLOWANCES
Introduction
Reliefs and allowances and Tax Exempt Deductions
Rate of Tax and Ascertainment of tax liability
Minimum Tax
Old Tax Free Allowances and Reliefs versus Consolidated Relief Allowance
10 TAXATION OF EMPLOYMENT INCOME
Introduction
Types of Employment
Distinction between Employment, Vocation and Profession
Employment Income
Taxation of Income from Employment
Operation of Pay-As-You-Earn (PAYE) Regulations
Itinerant Worker
Non-Resident Individuals
Bonus for Early Filing of Self-assessment Return
11 TAXATION OF A SOLE TRADERS/SELF EMPLOYED INDIVIDUALS
New Trades
Change of Accounting Date
Cessation of Trade
Receipts and Payments after Cessation of Business or Trade:
Deductions Allowed & Deductions Not Allowed
Final Semester test
12 REVISION
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