At the end of the course, student should be able to:
Withholding Tax. Value Added Tax. Characteristics, Valuable Goods and Services. Exemptions, Determination, assessment and collection of taxes. Administration, Objections/Appeal Procedure, Offences and Penalties. Definition of Output and Input taxes and their respective mutual relationship. Stamp Duties, Constitutional Distribution of jurisdiction amongst the tiers of Government in Nigeria. Transactions liable to stamp duties. Head of charges: Administration, Objections/Appeal Procedure. Custom/ Excise Duties. Definition, Administration, Assessment and Collection Procedures. Incentive Scheme such as: Duty Drawback and Manufacturing in Board Scheme. Sales Tax.