Law Of Taxation I

1. Explain the general principles and historical context of taxation in Nigeria.
2. Identify and differentiate between various forms of taxation.
3. Analyze the administration of tax laws and the roles of relevant authorities.
4. Compute income tax for individuals and companies based on Nigerian tax laws.
5. Apply knowledge of allowable deductions and expenditures in tax calculations.
6. Evaluate the impact of free trade and commerce on taxation.

13 weeks, about 56 hours in total. Yours will differ.

1. Week 1Module 1: General Principles of Tax

   • Unit 1: General Principles of Tax · 4 hours

     Define tax and taxation.. Identify criteria for classifying a payment as tax.. Differentiate tax from other payments.. Understand the importance of taxation..

2. Week 2Module 1: General Principles of Tax

   • Unit 2: Historical Background · 4 hours

     Trace the history of taxation in Nigeria before colonialism.. Describe the evolution of taxation after British rule.. Identify legal and structural developments in taxation..

3. Week 3Module 1: General Principles of Tax

   • Unit 3: The Various Forms of Taxation · 4 hours

     Identify and state the various categories of taxes.. Differentiate between direct and indirect taxes.. Understand proportional, progressive, and regressive taxation..

   • Unit 4: Tax Base and Income · 4 hours

     Explain the meaning of income in relation to tax.. Explain the meaning and types of consumption as a tax base.. Distinguish between income and capital..

4. Week 4Module 2: Administration of Tax

   • Unit 1: Administration of Tax · 4 hours

     Explain the relevant laws on taxation in Nigeria.. Highlight the relevant tax authorities.. Understand the process of collecting tax..

5. Week 5Module 2: Administration of Tax

   • Unit 2: Free Inter-State Trade, Commerce and Limitations on Taxing Powers of the Governments · 4 hours

     Understand inter-state commerce and trade.. Discuss the effects of free trade and commerce on tax laws.. Understand the immunities of governmental agents..

6. Week 6Module 2: Administration of Tax

   • Unit 3: Persons Subject to Tax and the Determination of Residence as a Basis for Taxation. · 4 hours

     Identify persons subject to tax.. Identify the tax authority for tax payments.. Determine residence as a basis for taxation..

7. Week 7Module 3: Employment Taxation

   • Unit 1: Employment Taxation · 4 hours

     Explain employment tax.. Discuss 'office', 'employment', and 'emolument'.. List the position of benefits in kind (BIK) under Nigerian tax law..

8. Week 8Module 3: Employment Taxation

   • Unit 2: Definition and Ascertainment of Income Tax · 4 hours

     Define and ascertain income tax.. Explain the basis of assessment of the period of taxation.. Calculate taxes for taxpayers and identify taxable income..

9. Week 9Module 3: Employment Taxation

   • Unit 3: Computation of Income Tax · 4 hours

     Explain and calculate the tax payable on income.. Apply tax rates to different income levels.. Understand progressive tax systems..

10. Week 10Module 4: Deductions Allowances

    • Unit 1: Deduction Allowance · 4 hours

      Describe the concept of deduction allowance.. Identify allowable and non-allowable deductions.. Mention deductible donations and refunds under Nigerian law..

11. Week 11Module 5: Taxation of Business

    • Unit 1: Taxation of Business · 4 hours

      Explain 'Trading Profits'.. List the types of business taxes.. Identify tax liabilities for businesses..

12. Week 12Module 5: Taxation of Business

    • Unit 2: Expenditures · 4 hours

      Explain 'Trading Expenditures'.. Gain knowledge on Capital and Revenue Expenditures.. Differentiate between capital and revenue expenditures..

13. Week 13Module 5: Taxation of Business

    • Unit 3: Investment Income · 4 hours

      Gain knowledge on investment income and its items.. Understand the tax treatment of different investment income types.. Identify various forms of investment income..