Contents
LAW OF TAXATION I. 3
INTRODUCTION: LAW OF TAXATION.. 3
THE DEFINITION OF TAX.4
STAKEHOLDERS OF TAXATION.5
CAREER OPPORTUNITIES.6
OBJECTIVES/FUNCTIONS/IMPORTANCE OF TAXATION.. 6
PRINCIPLES OF TAXATION/FEATURES OF A GOOD TAX SYSTEM... 7
EVOLUTION OF THE NIGERIAN TAX SYSTEM AND ITS PECULIAR FEATURES.8
FEATURES/DRAWBACKS OF THE NIGERIAN TAX LAW/SYSTEM... 10
THE TRIPARTITE FEATURE/PILLAR OF TAXATION.10
SOURCES OF TAX LAWS. 11
CONSTITUTIONAL FRAMEWORK.13
CLASSIFICATION/FORMS OF TAXATION IN NIGERIA.14
Tax Planning: TAX EVASION AND AVOIDANCE.16
INTERPRETATION OF TAX STATUTE.. 18
TAXATION POWERS.19
ALLOCATION OF TAXING POWERS.19
ISSUES ARISING:20
Recommendations:24
TAXATION IN THE GUISE OF ADMINISTRATIVE CHARGES.24
PERSONAL INCOME TAX ACT (PITA).26
THE STATUTORY FRAMEWORK FOR PERSONAL INCOME TAX:26
TAXABLE PERSONS AND TAXABLE INCOME.27
THE BASIS FOR LIABILITY UNDER THE PITA.27
Computation of personal income. 27
WITHHOLDING TAX.30
PROPERTY TAX.32
The Land Rates Law:. 33
Neighbourhood Improvement Charge Law.. 33
Tenement Rate Law.. 33
THE LAND USE CHARGE LAW.33
AMENDMENTS BROUGHT ABOUT BY THE PITA AMENDMENT ACT.. 34
HISTORICAL BACKGROUND OF THE CITA.35
AMENDMENTS/IMPROVEMENTS INTRODUCED.36
EDUCATION TAX.44
STAMP DUTIES.46
VAT.49
CAPITAL GAINS TAX.54
TAXATION ON INVESTMENT INCOME.55
PETROLEUM PROFIT TAX.56
TABLE OF CONTENTS LAW OF TAXATION PART I AND II
INTRODUCTION.
THE DEFINITION OF TAX
STAKEHOLDERS OF TAXATION.
CAREER OPPORTUNITIES
OBJECTIVES/FUNCTIONS/IMPORTANCE OF TAXATION
PRINCIPLES OF TAXATION/FEATURES OF A GOOD TAX SYSTEM
EVOLUTION OF THE NIGERIAN TAX SYSTEM AND ITS PECULIAR FEATURES.
FEATURES/DRAWBACKS OF THE NIGERIAN TAX LAW/SYSTEM
THE TRIPARTITE FEATURE/PILLARS OF TAXATION.
SOURCES OF TAX LAWS
CONSTITUTIONAL FRAMEWORK.
CLASSIFICATION/FORMS OF TAXATION IN NIGERIA.
TAX EVASION AND TAX AVOIDANCE.
INTERPRETATION OF TAXING STATUTE.
DIVISION AND ALLOCATION OF TAXING POWERS. (ISSUES ARISING)
TAXATION IN THE GUISE OF ADMINISTRATIVE CHARGES.
PERSONAL INCOME TAX ACT (PITA). NATURE, SCOPE, ADMINISTRATION, STATUTORY FRAMEWORK, TAXABLE PERSONS, BASIS FOR LIABILITY, COMPUTATION, ETC.)
THE CONCEPT OF WITHHOLDING TAX.
THE LAND RATES LAW.
NEIGHBOURHOOD IMPROVEMENT CHARGE LAW.
TENEMENT RATE LAW.
THE LAND USE CHARGE LAW
AMENDMENTS BROUGHT ABOUT BY THE PITA AMENDMENT ACT.
LAW OF TAXATION PART II
HISTORICAL BACKGROUND OF THE COMPANIES INCOME TAX.
AMENDMENTS/IMPROVEMENTS INTRODUCED BY THE NEW CITA
THE FEDERAL INLAND REVENUE SERVICE ESTABLISHMENT ACT 2007.
EXTENSIVE DISCUSSION OF THE PROVISIONS OF THE CITA.
CHARGING PROVISION, NATURE OF PROFIT, CHARGEABILITY, ALLOWABLE DEDUCTIONS, EXEMPTED PROFITS, INCENTIVES, ASCERTAINMENT OF PROFIT, BASIS PERIOD, THE CONCEPT OF MINIMUM TAX, ETC.
THE CONCEPT OF SELF ASSESSMENT (TAX ADMINISTRATION (SELF-ASSESSMENT) REGULATION 2011).
POWER OF FIRS TO REVIEW ARTIFICIAL TRANSACTIONS.
EDUCATION TAX
TECHNOLOGY TAX.
STAMP DUTIES.
VALUE ADDED TAX VAT
CAPITAL GAINS TAX.
TAXATION ON INVESTMENT INCOME (LIKE PROFIT FROM RENT, DIVIDENDS, ROYALTY, INTERESTS ON INVESTMENT, ETC.
PETROLEUM PROFIT TAX.
Solutions, V. (2021). Nigerian Law Of Taxation Key points. Afribary. Retrieved from https://track.afribary.com/works/nigerian-law-of-taxation-keypoints-by-isochukwu
Solutions, Vite "Nigerian Law Of Taxation Key points" Afribary. Afribary, 06 Jan. 2021, https://track.afribary.com/works/nigerian-law-of-taxation-keypoints-by-isochukwu. Accessed 24 Dec. 2024.
Solutions, Vite . "Nigerian Law Of Taxation Key points". Afribary, Afribary, 06 Jan. 2021. Web. 24 Dec. 2024. < https://track.afribary.com/works/nigerian-law-of-taxation-keypoints-by-isochukwu >.
Solutions, Vite . "Nigerian Law Of Taxation Key points" Afribary (2021). Accessed December 24, 2024. https://track.afribary.com/works/nigerian-law-of-taxation-keypoints-by-isochukwu