Taxation I
- Management Sciences
- 200 level
- 2 credit units
- 157 pages
- 18 units
This course provides an overview of the Nigerian tax system, covering income tax administration, taxation of income, and company income tax. It explores the structure and procedures of the Nigerian tax system, including returns, assessments, appeals, and tax collection. The course also examines personal income tax, company income tax, assessable profits, and value-added tax. Students will gain a comprehensive understanding of taxation principles and practices in Nigeria.
About this course
- Difficulty
- Intermediate
- Study hours
- 150 hours
- Maths
- Basic
- Content
- Theoretical, case study, problem solving
- Practical work
- No
- Assignments
- Tutor marked assessments
- Final examination
What you'll read
The real module and unit structure of ACC201, taken from the course material NOUN publishes.
- Unit 1: Meaning, Types and Functions of Taxation in Nigeria
- Unit 2: Tax Administration Instruments in Nigeria
- Unit 3: Structure and Procedures of Nigerian Tax System
- Unit 4: Returns, Assessments, Appeal and Postponement
- Unit 5: Tax Collection (reference to all necessary Legislations)
- UNIT 1: PERSONAL INCOME TAX (PIT) IN NIGERIA
- Unit 2: Law and Practice of Income Tax Relating to Individuals
- Unit 3 Introduction to Taxation of Income from Trusts, Settlements and Estates
- Unit 4: Other Issues under Personal Income Tax
- Unit 1 Principles and Scope of Company Tax
- Unit 2: Computation of Company Income Tax
- Unit 3: Other Issues in Company Income Tax
- Unit 4: Small Company Tax (Definitions, Computations and Exemption)
- Unit 1: Basis of Assessment
- Unit 2: Assessment of Profit for Special Cases
- Unit 3: Partnership Assessments
- Unit 4: Treatments of Losses and Computation of Assessable Income
- Unit 5: Value Added Tax in Nigeria
One paragraph, so you can see how it reads
ACC201 · Unit 1: Meaning, Types and Functions of Taxation in Nigeria
The discussions in this chapter are indispensable to readers/students since they provide an overview/background knowledge on the concept of tax and taxation, purposes, uses as well as the principles of taxation in Nigeria. This background knowledge is needed by readers as it will enable them know the meaning of taxation as well as the principles governing taxation.
What you should be able to do
- Explain the structure and procedures of the Nigerian tax system.
- Calculate personal income tax and company income tax.
- Apply the principles of value-added tax.
- Identify the relevant tax authorities and their functions.
- Understand the rules for tax assessment, returns, and appeals.
- Analyze the impact of taxation on individuals and businesses.