TAX 424: Indirect Taxation

Learning Outcomes

At the end of the course, the students should be able to:

1. discuss and explain issues related to customs and excise duties;
2. describe the administration of custom duties, import entry procedures and transhipment;
3. identify the different categories of duties associated with import and export trade;
4. define stamp duties and value added tax; and
5. differentiate between stamp duties and value added tax computation.

Course Contents

Customs and excise duties. Administration of customs duties. Import entry procedures and transhipment. Valuation, tariffs classification preferences-import and export, exports outside the ECOWAS. International administration, Licenses, Tariffs quotas, duty reliefs, free zones, customs warehouse, excise duties, betting duties, alcoholic liquor duties, tobacco products, hydrocarbon oil duties, excise warehouse duties. Stamp duties and value added tax (VAT).