Law Of Taxation Ii
- Law
- 400 level
- 4 credit units
- 110 pages
- 13 units
This course, Law of Taxation II, builds upon Law of Taxation I, broadening students' knowledge of Nigerian tax law. It explores various taxes, governmental taxing powers, duties, and the tax treatment of women and special groups. The course consists of six modules, covering case law definitions of tax, governmental duties, taxation problems, company taxation, and tax treatment of specific demographics. Students will analyze taxation problems in Nigeria and understand exemptions and reliefs in tax law.
About this course
- Difficulty
- Intermediate
- Study hours
- 45 hours
- Maths
- Basic
- Content
- Theoretical, case study
- Practical work
- No
- Assignments
- Tutor marked assessments
- Final examination
What you'll read
The real module and unit structure of PUL434, taken from the course material NOUN publishes.
One paragraph, so you can see how it reads
PUL434 · UNIT 2 TYPES OF TAXES
Remember, there has not been a single all-encompassing definition of tax, therefore our effort here will be to outline some case law definitions of tax and to supplement same with some book writer’s definitions and the common features that if detected in charges and other contributions qualities them as a tax.
What you should be able to do
- Explain different types of taxes
- Explain the term 'Taxing Powers'
- Analyze the problems of taxation in Nigeria
- Outline the exemptions and reliefs in tax law
- Understand the concept of Stamp Duties
- Apply tax laws to real-world scenarios
What it prepares you for
- Tax Consultant
- Tax Advisor
- Tax Auditor
- Financial Analyst
- Compliance Officer
- Financial Services
- Government
- Consulting
- Auditing
- Real Estate
Where it gets hard
The units students slow down on, and what makes each one heavy.
- Module 4: Duties Imposed by Government and Tax Incentives
Unit 3: Tax Incentives
Understanding the specific conditions and application processes for various tax incentives requires careful attention to detail and regulatory compliance.
- Module 5: Company Taxation and Exemptions
Unit 2: Company Tax Exemption and Reliefs
Navigating the various exemptions and reliefs available to companies requires a thorough understanding of the CITA and related regulations.
A suggested way through it
13 weeks, about 42 hours in total. Yours will differ.
- Week 1Module 1: Different Taxes
Unit 1: Identification of Tax · 3 hours
Understand the characteristics that define an item as a tax.. Differentiate between taxes and other charges like fees and penalties..
- Week 2Module 1: Different Taxes
Unit 2: Types of Taxes · 3 hours
Examine the proportional tax system and its advantages and disadvantages.. Study the progressive tax system and its impact on income distribution.. Understand the regressive tax system and its implications for developing countries..
- Week 3Module 2: Taxing Powers
Unit 1: Definition of Taxing Power · 3 hours
Define taxing power and its constitutional basis.. Trace the historical development of taxing powers in Nigeria..
- Week 4Module 2: Taxing Powers
Unit 2: Examination of Federal, State and Local Government Taxing Powers in Nigeria · 3 hours
Examine the taxing powers of the Federal Government, including import duties and company income tax.. Analyze the taxing powers of State Governments and their legislative authority.. Understand the role and limitations of Local Governments in tax collection..
- Week 5Module 3: Problem of Taxation in Nigeria
Unit 1: Major Taxation Problems in Nigeria · 3 hours
Differentiate between tax avoidance and tax evasion.. Identify the factors that encourage tax offences in Nigeria..
- Week 6Module 3: Problem of Taxation in Nigeria
Unit 2: Solution to Taxation Problems in Nigeria · 3 hours
Examine the problems of assessment and identification of taxable income.. Discuss the lack of professionals and good record-keeping in tax administration.. Propose solutions to taxation problems, including statutory and other measures..
- Week 7Module 4: Duties Imposed by Government and Tax Incentives
Unit 1: Stamp Duties · 3 hours
Define stamp duties and list items subject to them.. Understand the administration and general nature of stamp duties.. Identify items exempted from stamp duties..
- Week 8Module 4: Duties Imposed by Government and Tax Incentives
Unit 2: Other Categories of Duties · 3 hours
Differentiate between customs and excise duties.. Understand the reasons for imposing import and export duties..
- Week 9Module 4: Duties Imposed by Government and Tax Incentives
Unit 3: Tax Incentives · 3 hours
Appreciate the need for tax incentives.. Explain the effects of tax incentives, both positive and negative.. Identify different types of tax incentives..
- Week 10Module 4: Duties Imposed by Government and Tax Incentives
Unit 4: The Case of Nigeria with Tax Incentives · 3 hours
Analyze the case of Nigeria with tax incentives.. Understand tax incentives law and administration in Nigeria.. Discuss the desirability of tax incentives in Nigeria..
- Week 11Module 5: Company Taxation and Exemptions
Unit 1: Administration of and Chargeability to Company Tax in Nigeria · 3 hours
Appreciate the administration of company income tax in Nigeria.. Explain the chargeability of companies to tax in Nigeria..
- Week 12Module 5: Company Taxation and Exemptions
Unit 2: Company Tax Exemption and Reliefs · 3 hours
Explain what tax exemption is.. Differentiate categories of tax exemptions in Nigeria.. Discuss the benefit of tax exemption to both the state and individual..
- Week 13Module 6: Women and Special Groups Treatment to Tax
Unit 1: Imposition of Personal Tax and Income Chargeable · 3 hours
Explain how tax is imposed on individuals.. Know the categories of persons chargeable.. Understand what incomes are chargeable..
Unit 2: Personal Tax Exemptions and Reliefs · 3 hours
Explain personal tax reliefs.. Explain how women and disabled people are treated to tax in Nigeria..
Preparing for the exam
- Create a detailed outline of key concepts from each module.
- Review case studies and examples to understand practical applications.
- Practice solving tax calculation problems from the self-assessment exercises.
- Focus on understanding the differences between tax avoidance and tax evasion.
- Memorize key sections of the Personal Income Tax Act (PITA) and Companies Income Tax Act (CITA).
Questions students ask about this course
What is PUL434 about?
This course, Law of Taxation II, builds upon Law of Taxation I, broadening students' knowledge of Nigerian tax law. It explores various taxes, governmental taxing powers, duties, and the tax treatment of women and special groups. The course consists of six modules, covering case law definitions of tax, governmental duties, taxation problems, company taxation, and tax treatment of specific demographics. Students will analyze taxation problems in Nigeria and understand exemptions and reliefs in tax law.
How many units does PUL434 have?
PUL434, Law Of Taxation Ii, has 13 units across 6 modules, over 110 pages of course material. You can read it one unit at a time.
How many credit units is PUL434?
PUL434 carries 4 credit units, at 400 level in Law.
Is PUL434 hard?
PUL434 is rated intermediate level, with basic mathematical content. It is mostly theoretical and case study work.
How long does PUL434 take to study?
About 45 hours of study, spread across its 13 units.
How is PUL434 assessed?
PUL434 is assessed by assignments, tutor marked assessments and final examination.
What can I do with PUL434?
Tax Consultant, Tax Advisor, Tax Auditor, Financial Analyst and Compliance Officer.