Course curriculum

  • 1

    Welcome to the Course

  • 2

    The Nigeria Tax System

    • FUNDAMENTALS OF TAXATION FOR BUSINESSES IN NIGERIA

    • The definition to Tax – Legal and Ordinary meaning

    • Basic Concepts of taxation

    • Canon of Taxation

    • Overview of Taxation

    • Chapter Quiz
  • 3

    Administration of Taxes

    • Composition and functions of the FIRSB and FIRS

    • Organs of Tax Adminstaration

    • Chapter Quiz

    • Tax Clearance Certificate (TCC)-

    • Joint Tax Board (JTB) and its composition-

    • The Structure of the Nigerian tax system State Board of Internal Revenue

    • The Local Government Tax Authority –Composition and Functions
  • 4

    Taxpayers Place of Residence

    • Chapter Quiz

    • Chargeable Income and Tax

    • PAYE system of Taxation

    • Place of Residence
  • 5

    The Companies Income tax Act

    • Chapter Quiz

    • Differentiate between Accounting and Taxable profitsLosses-

    • Persons chargeable to Companies Income tax

    • The Companies Income tax Act
  • 6

    Guidelines on the Implication of certain provisions of the Finance Act 2020

    • Guidelines on the Implication of certain provisions of the Finance Act 2020

    • Tax Planning
  • 7

    Evaluate the Course

    • Instructions

    • More resources for you

    • Evaluate & get your Certificate

Overview

Benjamin frankly is widely quoted as saying the only two certainties in life are death and taxes. I will add that for a business that ignores taxes, death is certain. Understanding Taxes in the jurisdiction we ope ate in is critical, knowing how to stay on the straight and narrow while taking advantage of all tax incentives to shore up your profitability, is a skill we all should appreciate.

This course will take a practical approach to helping finance and other professionals in an organisation understand taxes, the implications of capital structure and how that affects the tax profiles of businesses, projects and the bottom line. Apart from covering all major taxes (CIT,PAYE,PPT,WHT,CGT etc) we will also look at the new Finance Act 2020 and ow that affects tax outcomes, we will also look at the tax penalties and fees for default and how to calculate them. All the content is taught in a case study format will lots of activities and a resource library for reference after the course. The course is designed by Tax professionals with over 40 years experience in the industry. You will have access to many useful templates for computation and assessment of the common taxes and in practical exercises so please come with your computer and have Microsoft Excel installed.

Learning Outcomes

By the end of the course participants will be able to:

  • understand the Nigerian Tax system

  • Apply the impact of inflation and tax on investment decisions

  • understand the administration of Taxes

  • illustrate how to determine Place of Residence and Income Chargeable

  • examine the taxation computations for employment income

  • discuss the nature of the companies Income tax

  • understand deferred tax computations and ascertain company Profits/Losses

  • calculate tax liability based on multiple scenarios

  • access resources to extract critical tax related information for various jurisdictions

Instructor

Adeniyi Bamgboye FCCA, FCA, FCTI, MBA

Senior Instructor

is a Partner of Empyrean Professional Service with specialty in accounting, financial and tax services. He’s Fellow of Institute of Chartered Accountants of Nigeria (ICAN), Chartered Institute of Taxation of Nigeria (CITN), and Association of Certified Chartered Accountants (ACCA) UK. He is an Alumnus of Ernst & Young and has over 8 years of professional experience in banking, Audit, Finance and Accounting. He holds a Master of Business Administration (MBA), Finance and Financial Management Services from the Ladoke Akintola University Ogbomosho, Oyo State, Nigeria. He has several articles and opinions published on the pages of several popular newspapers in the country.