The Certified Global Tax Practitioner (CGTP)® is a professional designation that can be awarded to general tax practitioners, accountants and tax attorneys involved in the tax departments of accounting and/or auditing practices, public officers of companies.
There is no restriction on the tax work which may be undertaken by a Certified Global Tax Practitioner (CGTP)® provided that the practitioner is competent to perform such function.
Tax consultants, also known as tax advisors, are experts in tax law, planning and compliance. A tax Practitioner typically expands on the role of tax preparer. While tax consultants prepare tax returns, they also often work closely with clients throughout the year to ensure client tax liability is minimized.
The Certification also offers excellent job opportunities or becoming a successful VAT consultant.
E-Course Duration: 20 to 25 Hours
Exam Pattern: The exam comprises of 50 Multiple Choice Questions out of which the candidate needs to score 80% (40 correct out of 50) to pass the exam.
Duration of the Exam: The total duration of the exam is 1 hour (60 Minutes).
Exam Format: The exam is conducted in a non-proctored mode and can be taken anytime and anywhere within an eight-month validity period.
Upon purchasing the Premium Package or an Exam Voucher Code, a voucher code with two attempts will be assigned to your login profile under the “My Vouchers” tab. You can then take the exam through the “My Exam(s)” tab in your profile. To take the exam, simply apply the voucher code.
Retaking of the exam: The Exam Voucher included in the Premium Package or purchased separately is valid for two (2) attempts. If you are unable to pass the exam within these two attempts, you can purchase a new voucher code, which will grant you an additional two attempts.
Kindly Note: The voucher will not be valid for a second attempt if you pass the exam on your first attempt.
Certification Validity: The Certified Global Tax Practitioner (CGTP)® Certificate is valid for life.
Course Outline
Module 1 – Taxation Revenue Authorities and Ethical Issues
The Objectives of Taxation, The Classification of Taxes, The Principles of an Ideal Tax System, Traditional Approaches, Introduction to Tax Administration, Taxing Power.
Module 2 – Industrial Development
Personal Income Tax, Companies Income Tax, Industrial Development, VAT, Capital Gain Tax Act, Education Tax Act, Stamp Duties Act, Custom and Excise Duties Management.
Module 3 – Revenues Power of Enquiries
Filing Requirements, Assessments, Collection Procedures, Government Assessment, Collection Section, Monthly Tax Reconciliation, Ethical Issues.
Module 4 – Tax Audit and Investigation
Foundation, Tax Audits, Tax Audit Branch, Types of Tax Audit, Types of Tax Process, Audit Checklist, Post Audit Meetings, Final Audit Reports, Types of Audit Exercise, Technical Procedures, Audit Programme, Tax Investigations, Stages of Tax Investigations, Intelligence Division, Civil Investigations Unit, Criminal Investigations Unit, Intelligence Investigations Unit, Assessments of Investigations Unit.
Module 5 – Tax Appeal Tribunal and Tax Laws
Constitution of a Tribunal, Jurisdiction of Tribunal, Criminal Prosecution, Types of Tax Audit, Appeals of the Service, Definition of Trade.
Module 6 – Tax Planning and Tax Avoidance
Tax Planning, Tax Avoidance, Tax Evasion, Types of Tax Audit, Communication with Clients, Communication with other Stakeholders.
Module 7 – Taxation of Incomes, Offences and Penalties
Tax Legalisation, Income Tax Returns, Foreign Employment, Chargeable Persons, Chargeable Incomes, Types of Incomes, Exempt Incomes, Benefits in Kind of Perquisites, Non-Taxable Allowances, Reliefs, Offences and Penalties, Minimum Tax, Tax Tables, Taxation of Income from Partnership.
Module 8 – Value Added Tax
Useful Definitions, Withholding Tax, Value Added Tax, Goods and Services Exempted from Tax, Input VAT, VAT Returns, Exempt Incomes, Administration of VAT.
Module 9 – Capital Allowances
Qualifying Expenditure, Assets Acquired, Plant, Machinery and Fixtures, Plantations, Allowances, Leasing Assets, Capital Allowances Rates.
Module 10 – Capital Gains Tax
Objectives of Capital Gain Tax, Administration of Capital Gain Tax, Allowable and Disallowable Expenditure, Computation of Chargeable Gains, Exemptions from Chargeable Gains.
Module 11 – Remaining Modules
Module 11 – Tax Effects of Privatization and Commercialization,
Module 12 – Profits, Accessible Profits and Tax Payable,
Module 13 – Pioneer Legislation,
Module 14 – Petroleum Profits Tax,
Module 15 – Stamp Duties,
Module 16 – Tax Planning and Management.
Target Audience
Tax Consultants, Accountants, Tax Accountants, Business Owners, VAT Consultants, Finance and non-finance officers involved in handling tax issues.
