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PUL812Law3 Unitsintermediate

Law of Taxation II

This course focuses on the law of taxation, specifically examining taxing powers and their distribution among different levels of government. It covers tax offenses, penalties, duties, and obligations imposed by governments. The course also delves into the taxation of companies' income, capital gains, petroleum profit, and value-added tax in Nigeria. Students will gain insights into the Nigerian tax system and its administration, including relevant legislation and practices.

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156h

Study Time

13

Weeks

12h

Per Week

basic

Math Level

Course Keywords

Taxing PowersTax OffencesCompany Income TaxPetroleum Profit TaxValue Added Tax

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

Taxing Powers

2

Tax Offences and Penalties

3

Duties and Obligations

4

Company Income Tax

5

Capital Gains Tax

6

Petroleum Profit Tax

7

Value Added Tax

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

Financial Analyst

Apply your skills in this growing field

Compliance Officer

Apply your skills in this growing field

Revenue Officer

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

FinanceAccountingLawGovernmentOil and Gas

Study Schedule Beta

A structured 13-week journey through the course content

Week

1

Module 1: Taxing Powers in Nigeria

8h

Unit 1: Meaning and History of Taxing Powers

8 study hours

•Understand the meaning of taxing power.
•Analyze the distribution of taxing powers among the three tiers of government.
•Explain the position of the 1999 Constitution.

Week

2

Module 1: Taxing Powers in Nigeria

8h

Unit 2: Freedom of Inter-State Trade, Commerce and Restraints On Taxing Powers Between the Three Tiers of Government

8 study hours

•Understand the need for freedom of trade and commerce in the Nigerian federal system.
•Analyze the impacts of trade and commerce.
•Discuss inter-governmental immunities under tax laws.

Week

3

Module 2: Tax Offences and Penalties in Nigeria

8h

Unit 1: Tax Offences and Penalties

8 study hours

•Explain tax evasion.
•Discuss tax avoidance as major tax offenses.
•Distinguish between tax evasion and tax avoidance.

Week

4

Module 3: Duties and Obligations Imposed by Government

8h

Unit 1: Stamp Duties

8 study hours

•Explain the term 'stamp duties'.
•Analyze the categories of items subject to stamp duties.
•List the categories of items exempted from stamp duties.

Week

5

Module 3: Duties and Obligations Imposed by Government

8h

Unit 2: Other Categories of Duties

8 study hours

•Explain other categories of duties imposed by government.
•Understand the reasons why government imposes duties.

Week

6

Module 4: Taxation of Companies Income Tax in Nigeria

8h

Unit 1: Administration of and Chargeability to Company Income Tax

8 study hours

•Discuss the administration of company income tax in Nigeria.
•Explain the chargeability of companies to tax in Nigeria.

Week

7

Module 4: Taxation of Companies Income Tax in Nigeria

8h

Unit 2: Company Tax Exemption and Reliefs

8 study hours

•Explain what tax exemption is.
•Analyze the different categories of tax exemptions in Nigeria.
•Discuss the benefit of tax exemption to both the state and individual.

Week

8

Module 5: Taxation of Capital Gains in Nigeria

8h

Unit 1: The Administration and Chargeability to Capital Gains Tax (Cgt)

8 study hours

•Explain the meaning and nature of Capital Gains Tax (CGT).
•Discuss the assets that are subject to CGT.
•Explain its enforcement and general administration in Nigeria.

Week

9

Module 6: Petroleum Profit Tax in Nigeria

8h

Unit 1: Administration of Petroleum Profit Tax in Nigeria

8 study hours

•Explain the petroleum profit tax law.
•Analyze how the federal government derives its revenue from the taxation of petroleum products.

Week

10

Module 7: Value Added Tax in Nigeria

8h

Unit 1: The Administration of Value Added Tax in Nigeria

8 study hours

•Explain what VAT is all about.
•Understand the goods and services that are subject to VAT.
•Acquaint yourself with the increase in tax rate in Nigeria.

Week

11

Module 1: Taxing Powers in Nigeria

6h

Unit 1: Review of Taxing Powers in Nigeria

6 study hours

•Review Module 1: Taxing Powers in Nigeria
•Complete self-assessment exercises for Module 1.

Week

12

Module 4: Taxation of Companies Income Tax in Nigeria

6h

Unit 1: Review of Taxation of Companies Income Tax in Nigeria

6 study hours

•Review Module 4: Taxation of Companies Income Tax in Nigeria
•Complete self-assessment exercises for Module 4.

Week

13

Module 7: Value Added Tax in Nigeria

6h

Unit 1: Review of Value Added Tax in Nigeria

6 study hours

•Review Module 7: Value Added Tax in Nigeria
•Complete self-assessment exercises for Module 7.

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

Read the complete course material as provided by NOUN.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Create detailed summaries of each tax type (CIT, PPT, VAT) including key rates and regulations.

2

Practice applying tax laws to hypothetical scenarios involving different business structures.

3

Focus on understanding the differences between tax avoidance and tax evasion.

4

Review landmark cases related to taxation in Nigeria to understand judicial interpretations.

5

Create a timeline of key tax legislation and amendments to understand the evolution of tax law.

6

Prioritize studying the calculation methods for different taxes, focusing on areas like capital allowances and adjusted profits.

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