ICAN · Skills
Taxation
The Taxation syllabus for the Institute of Chartered Accountants of Nigeria, broken down by how much of the paper each area is worth. Companies Income Tax is the heaviest at 30% of the marks.
Where the marks are
Percentages are the examinable weighting for each area. Revising in this order puts your time where the marks are.
Companies Income Tax
30%Taxation of non-specialised businesses · Taxation of specialised businesses
Personal Income Tax
25%Taxation of employment income · Taxation of trusts, settlements and estates · Taxation of sole proprietorship · Taxation of partners in a partnership business · Taxation of investment income
Introduction to Taxation, Tax Administration and Ethics
20%Introduction to taxation · Tax administration in Nigeria · Role and relationship between fiscal policy, tax legislation and administration · Revised National Tax Policy (NTP), 2017 · Basic ethical issues in taxation · Assessments, objections, appeals and remittances
Transactions Taxes
20%Withholding tax (WHT) · Value added tax (VAT) · Stamp duties · Customs and excise duties · Surcharge on fossil fuel products
Application of Information Technology in Taxation
5%Impact of information technology on tax practice and administration · Operations of the FIRS TaxPro Max solution relating to filing requirements and procedures · Taxes applicable to technology-based transactions · Challenges of technology on tax practice and administration
What Edentos holds for this paper
- 79 past questions from the Institute’s own papers, with its published solutions.
- A summary of the official study text, organised by the weightings above, with every claim cited to its page in the source.
- Timed mock examinations, written by hand and marked against the examiner’s guide.
Syllabus areas and weightings are published by the Institute of Chartered Accountants of Nigeria. Past questions and their official solutions are the Institute’s copyright and are available to signed-in candidates only.