New Tax Act 2025 (Dec Edition)

About Course

This course provides a comprehensive walkthrough of the New Tax Act 2025, equipping you with the knowledge and practical skills to apply the latest tax regulations confidently. In this hands-on course, you will:

Understand the key changes introduced in the 2025 Tax Act and their implications for individuals and businesses.
Identify updates in Companies Income Tax (CIT), Personal Income Tax (PIT), and Withholding Tax (WHT), including revised rates, thresholds, and compliance requirements.
Perform accurate computations and tax adjustments in line with the new provisions.
Apply the new PAYE (Pay-As-You-Earn) rates through guided, step-by-step calculation examples.
Interpret and implement real-world tax scenarios, ensuring correct deductions, remittances,filing and reporting under the 2025 framework.
Use practical case studies and examples to reinforce your understanding and improve accuracy in tax computations and filings.

By the end of this course, you will be equipped to confidently apply the 2025 tax changes in day-to-day accounting, payroll, and compliance operations.

Key changes introduced in the 2025 Tax Act and their overall implications.
Updates and new provisions in Companies Income Tax (CIT).
Revisions and computations under Personal Income Tax (PIT).
Adjustments and compliance requirements for Withholding Tax (WHT).
Step-by-step PAYE (Pay-As-You-Earn) calculations using the new 2025 rates.
How to apply the new tax laws in real-life computation examples and case studies.
Proper methods for tax deductions, remittances, and reporting under the new regime.
Techniques to interpret and implement the 2025 tax updates accurately in accounting and payroll operations.

Course Content

Introduction to Nigeria Tax Act, Employment Income

Introduction to Taxation and the need for Tax Reform

32:46
Question and Answer on Introduction

12:20
The Nigeria Tax Act

21:08
Basis of Assessment

35:31
Question and Answer on Basis of Assessment and other key areas

01:14:26
Question and Answer on Personal Income Tax

06:57
Employment Income

01:20:37
Question and Answer on Employment Income

41:35

Chargeable Gain

Value Added Tax

Introduction to VAT,Threshold for VAT registration and Taxable supplies

33:04
Exported services

49:48
Exported service II and Time of suppy

14:01
Determination of taxable supplies

06:07
Witholding VAT, Input VAT and determination of taxable suplies

06:07
Question and Answer on determination of taxable supplies

04:24
Administration of VAT

03:16
Fiscalisation of supplies for VAT

08:05
Guide on E-invoicing registration and exempt on supplies

02:21
Exempt on supplies, Zero rated taxable supplies, Items on which VAT is suspended

21:28
Offences and Penalties

08:19
Question on witholding VAT by microfinance banks

01:58
Filing Witholding VAT and Output VAT on TaxProMax

22:36

Witholding Tax

Company Income Tax

Introduction to CIT and Registration for tax purposes

12:52
Income tax returns of residence and non- residence

11:41
Definition of a Nigerian Company

11:41
Development Levy

04:30
Question and Answer on Nigerian Company definition

31:03
Ascertainment of adjusted, assessable and taxable profits

04:10
Basis Period

08:28
Non-allowable deductions

29:41
Exempted Income

34:19
Question and Answer on exempted Income and allowable deductions

35:55
Dividend tax

04:26
Minimum tax and computation of effective tax rate

16:28
Capital allowance computation and rates

21:31
Computation of tax liability, offences and penalties

07:43
Question and Answer on tax liablity, computation and allowances

26:23
Illustration on Income Tax Computation

01:38:24
Question and Answer on computation of Income tax payable, WHT

01:27:58
Test Assessment

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About Course

What Will You Learn?

Course Content

Introduction to Nigeria Tax Act, Employment Income

Introduction to Taxation and the need for Tax Reform

Question and Answer on Introduction

The Nigeria Tax Act

Basis of Assessment

Question and Answer on Basis of Assessment and other key areas

Question and Answer on Personal Income Tax

Employment Income

Question and Answer on Employment Income

Chargeable Gain

Introduction to chargeable gain

Exemptions from chargeable gain

Computation of chargeable gain, related party transactions, disposal of assets by gift, Asset held by nominees, Debt Asset settlement

Illustration on chargeable gain

PAYE Computation

Compulsory Aquisition and Non Parent Disposal

Question and And Answer on debt settlement by asset

Value Added Tax

Introduction to VAT,Threshold for VAT registration and Taxable supplies

Exported services

Exported service II and Time of suppy

Determination of taxable supplies

Witholding VAT, Input VAT and determination of taxable suplies

Question and Answer on determination of taxable supplies

Administration of VAT

Fiscalisation of supplies for VAT

Guide on E-invoicing registration and exempt on supplies

Exempt on supplies, Zero rated taxable supplies, Items on which VAT is suspended

Offences and Penalties

Question on witholding VAT by microfinance banks

Filing Witholding VAT and Output VAT on TaxProMax

Witholding Tax

Introduction to Witholding Tax

Legal framework and eligibility to withold tax

Witholding tax table

Key provisions of witholding tax regulations

Question and Answer on witholding tax regulation

Exemptions and Finality on witholding tax regulations

General Questions on WHT

Company Income Tax

Introduction to CIT and Registration for tax purposes

Income tax returns of residence and non- residence

Definition of a Nigerian Company

Development Levy

Question and Answer on Nigerian Company definition

Ascertainment of adjusted, assessable and taxable profits

Basis Period

Non-allowable deductions

Exempted Income

Question and Answer on exempted Income and allowable deductions

Dividend tax

Minimum tax and computation of effective tax rate

Capital allowance computation and rates

Computation of tax liability, offences and penalties

Question and Answer on tax liablity, computation and allowances

Illustration on Income Tax Computation

Question and Answer on computation of Income tax payable, WHT

Test Assessment

Student Ratings & Reviews