Tax Audit and Investigation

This programme can run as an online or classroom training (Available also for Customised Training by Duration, Venue and Fee)

Course Contents

Day One

• The Tax Authorities in Nigeria

• Federal
• State
• Local
• Joint Tax Board

• Differentiating Auditing from Investigating

• Audit triggers and Investigation triggers
• Approaches and processes
• Tax planning and Tax evasion

• The Company Income Tax Law

• Constitutional obligations and responsibilities
• Personal and corporate tax status
• Registration of Taxpayers
• Tax Assessment, Reliefs, Penalties, Charges
• Taxation of Expatriates
• Residence Rule of Taxpayers.

Day Two

• Tax Audit Process

• Audit period
• Notification
• the Preparation

• Computations, Filing Returns, Reliefs and Penalties

• Personal Income Tax and Pay As You Earn 
• Value Added Tax (VAT)
• Withholding Tax (WHT)
• Education Tax
• Company Income Tax

• Allowances

• Personal allowances
• Capital allowance
• Investment allowance
• Loss relief
• Minimum tax

• Individual and Corporate Tax Clearance

• Procedures for Objections

• Tax Appeal.

Day Three

• Triggers for Tax Investigation 

• Tax Investigation Process

• The Tax Monitoring Agents

• Significance of Impeccable Record Keeping

• Powers of Tax Authorities for Third Party Information

• An Understanding of Tax Implication of Transactions