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PUL811Law3 Unitsintermediate

Law of Taxation I

This course introduces the fundamental principles of taxation law in Nigeria. It explores the nature, scope, and elements of taxation, covering tax administration, chargeable income, and available tax reliefs. The course examines various types and forms of taxation, deductible expenses, and the taxation of employment and business income. It also delves into investment income and personal reliefs, providing a comprehensive overview of taxation law.

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195h
Study Time
13
Weeks
15h
Per Week
basic
Math Level
Course Keywords
TaxationNigerian Tax LawChargeable IncomeTax ReliefsTax Administration

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
➕
Math Level
Basic Math
📖
Learning Type
Theoretical Focus

Course Topics

Key areas covered in this course

1

Nature of Taxation

2

Nigerian Tax System

3

Chargeable Income

4

Deductible Expenses

5

Employment Taxation

6

Investment Income

7

Personal Reliefs

Total Topics7 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

assignments

Comprehensive evaluation of course material understanding

Written Assessment

tutor-marked assessments

Comprehensive evaluation of course material understanding

Written Assessment

final examination

Comprehensive evaluation of course material understanding

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

Tax Consultant

Apply your skills in this growing field

Tax Accountant

Apply your skills in this growing field

Tax Auditor

Apply your skills in this growing field

Financial Analyst

Apply your skills in this growing field

Compliance Officer

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

Financial ServicesAccounting FirmsGovernment AgenciesCorporate Taxation DepartmentsLegal Services

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module 1: The Nature and Scope of Taxation

13h

Unit 1: The Nature and Meaning of Tax

5 study hours
  • •Define tax, discuss its nature and scope, and identify its key characteristics.
  • •Understand the historical context of taxation in Nigeria.

Unit 2: Background History of Nigerian Taxation

4 study hours
  • •Trace the evolution of taxation in Nigeria from pre-colonial times to the present.
  • •Analyze the impact of British tax systems on Nigerian society.

Unit 3: Types and Forms of Taxation

4 study hours
  • •Identify and differentiate between direct and indirect taxes.
  • •Discuss the advantages and disadvantages of proportional, progressive, and regressive tax systems.
Week
2

Module 2: Elements of Taxation

9h

Unit 1: Nigerian Tax Base

5 study hours
  • •Define income, capital, and expenditure in the context of Nigerian tax law.
  • •Understand the distinction between income and capital for tax purposes.

Unit 2: Sources of Tax Laws In Nigeria

4 study hours
  • •Identify and explain the various legislative sources of tax laws in Nigeria.
  • •Understand the role of judicial decisions in interpreting tax laws.
Week
3

Module 3: Nature of Tax Administration in Nigeria

6h

Unit 1: Imposition of Personal Income Tax in Nigeria and Determination of Residence

6 study hours
  • •Determine the criteria for establishing residency for tax purposes.
  • •Understand the implications of residency on tax liability.
Week
4

Module 4: Income Tax Chargeability

6h

Unit 1: The Meaning and Ascertainment of Chargeable Income

6 study hours
  • •Define chargeable income and understand its components.
  • •Differentiate between earned and unearned income.
Week
5

Module 4: Income Tax Chargeability

6h

Unit 2: Computation of Chargeable Income

6 study hours
  • •Compute the chargeable income for individuals.
  • •Calculate the tax payable on an individual's income.
Week
6

Module 5: Deductible Expenses and Allowable Expenditures

6h

Unit 1: Deductible Expenses

6 study hours
  • •Identify deductible expenses and allowable expenditures for tax purposes.
  • •Apply the tests for deductibility of expenses.
Week
7

Module 6: Employment Taxation

6h

Unit 1: Taxation of Employment Income

6 study hours
  • •Determine the taxability of employment income.
  • •Understand the distinction between office and employment.
Week
8

Module 7: Business Income

6h

Unit1: Taxation Of Business Income

6 study hours
  • •Determine the taxability of business income.
  • •Apply the badges of trade to identify trading activities.
Week
9

Module 8: Tenets of Investment Income

6h

Unit 1: Taxation Of Investment Income

6 study hours
  • •Understand the principles and tenets of investment income taxation.
  • •Identify the components of investment income: dividends, interest, discounts, annuities, and rents.
Week
10

Module 9: Income Tax Personal Reliefs

6h

Unit 1: Personal Reliefs

6 study hours
  • •Explain the various personal tax exemptions and reliefs available to taxpayers.
  • •Understand the conditions for claiming personal allowances, married allowances, and children allowances.
Week
11

Module 1: The Nature and Scope of Taxation

5h

Review of Module 1-3

5 study hours
  • •Review key concepts from Modules 1-3.
  • •Practice identifying different types of taxes and their applications.
Week
12

Module 4: Income Tax Chargeability

5h

Review of Module 4-6

5 study hours
  • •Review key concepts from Modules 4-6.
  • •Solve computation problems related to chargeable income and deductible expenses.
Week
13

Module 7: Business Income

5h

Review of Module 7-9

5 study hours
  • •Review key concepts from Modules 7-9.
  • •Discuss the principles of investment income taxation and personal tax reliefs.

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Create detailed outlines summarizing key concepts from each module

2

Practice computation problems from Units 2, 4, and 5 weekly

3

Review case laws cited in Units 1, 3, and 7 to understand judicial interpretations

4

Focus on understanding the distinctions between different types of income (earned vs. unearned, capital vs. revenue)

5

Allocate time to thoroughly review personal reliefs and exemptions in Unit 9

6

Create flashcards for key definitions and concepts

7

Simulate exam conditions by completing practice questions within a time limit

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