ICAN Taxation 2022
Past Questions

Under the PAYE system, an employer who fails to remit tax deducted from employees is liable to pay the tax plus:

Musa earned a gross income of ₦4,000,000 in the year. What is his consolidated relief allowance?

The initial allowance rate on plant and machinery is:

Minimum tax under CITA is computed as:

Kano Agro Limited, a company engaged in crop production, reported a net profit of ₦48,000,000 for the year ended 31 December. The following were included in the accounts: Depreciation ₦9,000,000; Gene…

PAYE deducted by an employer in a month must be remitted to the relevant tax authority on or before the:

Where an employer provides an employee with rent-free accommodation, the benefit assessable on the employee is:

Which of the following incomes is exempt from personal income tax?

The annual allowance rate for office furniture and fittings is:

A company that pays dividends in excess of its taxable profits may be assessed to tax on the dividend under:

VAT returns must be filed with the FIRS on or before the:

A non-resident company supplying taxable goods to a Nigerian customer is required to:

A tax practitioner who prepares a return knowing it understates income breaches the fundamental principle of:

The threat that arises where a tax practitioner promotes a client's position to the point that objectivity is compromised is the:

Under the Finance Act, a small company with turnover of ₦20,000,000 is: