Description

Key Learning Objectives:

• Outline the Structure of the Nigerian Tax System: Gain a comprehensive understanding of the organizational framework of the Nigerian tax system, including the roles, duties, and powers of various tax administration organs.
• Explain the Guiding Principles of the Revised National Tax Policy (NTP), 2017: Explore the foundational principles outlined in the Revised National Tax Policy (NTP), 2017, and understand their implications for tax administration and compliance.
• Identify and Explain Ethical Standards: Familiarize yourself with the five fundamental principles of ethics as specified by the International Ethics Standards Board for Accountants (IESBA) and understand their application in the context of tax advisory services.
• Understand Transaction Taxes: Develop an in-depth understanding of applicable rates of transaction taxes, tax return deadlines, payment due dates, and consequences of non-compliance, including offenses and penalties.
• Apply Tax Legislations in Computing Tax Liabilities: Acquire the necessary skills to apply basic knowledge of tax legislations in computing income tax liabilities for both individual and corporate taxpayers, ensuring accuracy and compliance with regulatory requirements.