Module 1The Basics
Lay a solid foundation in Nigerian tax laws and principles, essential for eveary business owner
Mode of Delivery
Program will run in a hybrid format incorporating a mix of online self paced courses and monthly live classes which holds online at the end of each module
Course Outline
● Overview of the Nigerian tax system and its key components● Explanation of different tax types (CIT, VAT, WHT, etc.) and their applicability to businesses● Taxpayer rights and responsibilities● Importance of proper record-keeping and documentation for tax purposes● TIN registration process and its significance
Learning Outcome
At the end of this course, participants will be able to:
● Gain a solid understanding of the Nigerian tax system and its key elements.● Identify the applicable taxes for your business and understand their implications.● Implement proper record-keeping and documentation practices.● Successfully register for a TIN and understand its importance.
Module 2Being Tax Compliant
Navigate the complexities of tax compliance with confidence, ensuring your business stays on the right side of the law.
Mode of Delivery
Program will run in a hybrid format incorporating a mix of online self paced courses and monthly live classes which holds online at the end of each module
Course Outline
● In-depth analysis of income tax computation and filing procedures● VAT computation, registration, collection, remittance, and compliance requirements● WHT calculation, deduction, remittance, and filing obligations● Payroll tax calculations and compliance with employment tax regulations● Various tax payment methods and remittance deadlines
Learning Outcome
At the end of this course, participants will be able to:
● Confidently compute and file income tax returns for your business.● Comply with VAT regulations, including registration, collection, and remittance.● Efficiently manage WHT obligations, including calculation, deduction, and remittance.● Ensure payroll tax compliance and understand employment tax regulations.● Make timely and accurate tax payments using appropriate methods.
Module 3Managing an Audit
Master the audit process, understand your rights and obligations, and emerge successfully from any tax scrutiny.
Mode of Delivery
Program will run in a hybrid format incorporating a mix of online self paced courses and monthly live classes which holds online at the end of each module
Course Outline
● Types of tax audits and their triggers● Pre-audit preparation and documentation checklist● How to respond to audit queries and requests for information● Understanding tax assessments and the appeals process● Exploring options for dispute resolution (negotiation, mediation, litigation)
Learning Outcome
At the end of this course, participants will be able to:
● Develop a comprehensive understanding of the tax audit process.● Prepare effectively for a tax audit and gather necessary documentation.● Respond confidently to audit queries and requests for information.● Understand your rights and options in case of a tax assessment.● Explore various dispute resolution mechanisms to resolve tax disputes amicably.
Module 4Structuring your business for Success
Optimize your business structure to minimize tax liabilities and maximize financial efficiency.
Mode of Delivery
Program will run in a hybrid format incorporating a mix of online self paced courses and monthly live classes which holds online at the end of each module
Course Outline
● Different types of business structures in Nigeria (sole proprietorship, partnership, limited liability company, etc.)● Tax implications of each business structure● Tax planning strategies to minimize tax liabilities● Tax considerations when running multiple businesses or considering setting up a Group of companies.● Import and Export: Basic concepts of international taxation for businesses with cross-border operations
Learning Outcome
At the end of this course, participants will be able to:
● Make informed decisions about the most suitable business structure for your needs, considering tax implications.● Implement effective tax planning strategies to minimize your business's tax burden.● Understand the tax considerations involved in running multiple businesses and Group structure.● Gain basic knowledge of international tax concepts and how it affects the business of import and export or sending profits home from doing business abroad.