Taxation Training: PwC’s Business School Partners CLE & Mentorship Committee of NBA Lagos Branch
As you are aware the focus of the CLE & Mentorship Committee of the Branch for this month of February is on Taxation.
To this end we are collaborating with PWC to provide tax training for members of our branch. The training which is being provided at the subsidized rate of N17,000 (Seventeen Thousand Naira) per delegate is scheduled for the 21st of February, 2018. Please see notice (with registration details and payment information) below.
PwC’s Business School – Introduction to Companies Income Taxation for Lawyers
Topic: Introduction to Companies Income Taxation for Lawyers
Taxation is one of the most challenging areas of financial reporting for lawyers. It seems complicated for many lawyers because it stands mid-way between law and accounting; therefore requires an understanding of both. This session is a practical workshop that will combine practical exercises and examples to drive home key concepts in companies income taxation that will aid lawyers in developing a basic understanding of the fundamental principles of company’s income taxation.
At the end of the session, participants will be able to understand:
- And identify income that is liable to tax under Nigerian law
- How to compute profit on which tax is applied
- The concept of tax depreciation (capital allowances) and tax losses
- The concept of minimum tax and excess dividend tax
- How tax is disclosed in financial statements
- Tax compliance requirements for companies
The session will cover the following:
The concept of tax residency under Nigerian law; The liability of Nigerian companies to tax; The liability of non- Nigerian companies in Nigeria; The concepts of tax deduction, tax exemption and tax credit; The concepts of tax depreciation (capital allowances); Treatment of tax loss (difference between tax and accounting losses); Minimum Tax and Excess Dividend Tax; Tertiary Education Tax; Tax Disclosures in the Financial Statement; Tax compliance requirements; Some contentious issues; Conclusions; Questions and Answers
Date: Wednesday 21 February 2018 | Time: 9:00am – 12:00pm | Venue: Landmark Towers (Grand Junction) | Session costs: N17,000 only
For enquiries: Tolulope Adegbite
M: + 234 813 158 0252 T: +23412711700. Ext: 20098 E-mail:pwctaxacademy@ng.pwc.com
As it’s a tradition of the Branch, they will be sponsoring 10 young lawyers to the tax training scheduled for the 21st of February, 2018. A ballot was carried out in this regard at the February monthly meeting.
Signed: CLE & Mentorship Committee, NBA Lagos Branch.
