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 Enquires
- Filing Requriments
- 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 Exersise
- 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
- Exempt Incomes
- Benefits in Kind of Perquisites
- Non-Taxable Allowances
- Reliefs
- Offences and Peanlties
- 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
- Adinistration of VAT
Module 9 – Capital Allowances
- Qualifying Ependiture
- Assets Acquired
- Plant, Machinery and Fixtures
- Plantations
- Allowances
- Leasing Assets
- Capital Allowances Rates
Module 10 – Capital Gains Tax
- Objectives of Capital GainTax
- Administration of Capital GainTax
- Allowable and Dis-allowable 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
