MASTERING TAX ADMINISTRATION AND THE WORKINGS OF TAX AUTHORITIES

Live-Online Training: N250,000.00
Classroom Training: N350,000.00
3 - 4 participants: 5% discount
5 or more participants: 10% discount

(Available also for Customised Training by Duration, Venue & Fee)

Programme Description

In recognition of the difficulty accounting officers often encounter when dealing with and preparing tax computations and returns, this course has been specially designed to assist candidates to overcome obstacles as well as bridge the gap in their knowledge of up-to-date tax management methods. The course will also promote understanding of the tax authorities, their powers and operations. The topics and their treatment will equally be a valuable refresher for officers who are more experienced in these issues. In handling the subject matters, emphasis is all on applications and procedures.

 Course Contents

DAY ONE

Tax Laws and Regulations

Classification of Taxes

Registration for Tax Payments

Obligatory Returns and their Filing

Tax Clearance Certificates and their Administration

• Exemptions and Reliefs
• Multiple (Vexatious) Taxes
• Tax Avoidance and Tax Evasion.

Technology Adoption for Efficient Tax Administration.

DAY TWO

Tax Administration & Relationship Management

• State Board of Internal Revenue Service  
• Federal Inland Revenue Service
• Joint Tax Board 
• Technical Committees of the Boards 
• Tax Appeal Tribunal 
• Friendly Relationship with Tax Officers and Auditors.

DAY THREE

• Corporate Tax Issues and Computations in light of IFRS
•   Company Income Tax 

              - Limited liability business

              - Partnership

• Value Added Tax and Stamp Duties 
• Education Tax
• Types of Assessment 

              - Self Assessment Scheme

              - Provisional Assessment

              - Best of Judgment Assessment

• Relevant Documents and Documentation Procedures
• Filing of Returns and the Timing
• Withholding Tax Treatments
•   Treatment of queries and complaints
• Penalties for Infringements.

DAY FOUR

Tax Issues Concerning Individuals

Taxable Persons

Personal Income Tax

• Pay As You Earn (PAYE) tax computations
• Direct assessment on individuals 
• Capital Gain Tax 
• Property and investment income tax.

Taxation Administration in the Informal Sector.

DAY FIVE

Expatriates Personal Income Tax

Relevant Documents and Documentation Procedures

Exemptions and Reliefs

Penalties for Infringements

Writing tax compliance reports.