Introduction to Advanced Taxation

Description

This course will deal with the current tax system at the Advanced level and the focus of the course will be on:

• Tax planning and Advice;
• Capital Gain Tax;
• Companies Tax; and
• Petroleum Profit Tax.

Course/Learning Objectives By the end of this study, students are expected to be able to:

• Distinguish between tax evasion and avoidance;
• Discuss Tax Planning activities and strategies;
• Discuss the concept, scope, and administration of Capital Gains Tax;
• Outline and explain the offenses and penalty;
• Distinguish between tax audit and investigation;
• Give a general overview of the Oil and Gas industry in Nigeria, covering activities in the upstream, midstream, downstream, gas utilization and oil sector; and
• Explain the treatment of losses for petroleum companies

Course Requirement

• Successful completion of the ICAN Foundation Courses.
• Successful completion of the ICAN Skill Courses
• A Recognized degree in Accounting from any University or Higher National Diploma of any Polytechnic.
• Any other qualification for the time being approved by the Council.
• The student possesses the basic educational qualifications.