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Made in

English
Last updated at

Sun, 25-Feb-2024
Level
Beginner
Total lessons

54
Total duration

44:27:35 Hours
Number of reviews

0
Total enrolment

14
Avg rating
Short description
Professional accountants need to understand taxation principles and laws to support compliance and effective professional advice. The emphasis here is on basic knowledge and application of tax legislations relating to individuals and corporate entities in simple situations. Candidates are expected to be able to explain tax consequences of activities of individuals and corporate entities.
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Requirements
Outcomes
  • Explain the structure of the tax system including the roles, duties and powers of various organs of tax administration in Nigeria
  • Explain the guiding principles of the revised national tax policy (NTP), 2017;
  • Identify and explain the five fundamental principles of ethics as specified by the International Ethics Standards Board for Accountants (IESBA);
  • Understand applicable rates of transactions taxes, compute and know payment and returns timelines (including offences and penalties);
  • Apply basic knowledge of tax legislations in computing income tax liabilities relating to individuals and corporate entities in simple situations.