ICAN Taxation 2025
Past Questions

Which of the following is NOT chargeable to tax as employment income under PITA?

Gratuity received by an employee on retirement is:

The first ₦300,000 of an individual's taxable income is charged at:

An individual whose only income is from employment has a gross income of ₦280,000 for the year. The tax payable is:

In computing adjusted profit for companies income tax, which of the following is added back to net profit?

The withholding tax rate on dividends paid to a Nigerian company is:

The employment income of a person is deemed to be derived from Nigeria where:

Compensation for loss of employment is:

A balancing allowance arises where an asset is disposed of and the:

Franked investment income is:

Withholding tax on royalties paid to a Nigerian company is deducted at:

Gains on the disposal of shares of a Nigerian company are chargeable to capital gains tax where the proceeds in any twelve consecutive months:

In computing a chargeable gain, which of the following is an allowable deduction?

The electronic money transfer levy introduced by the Finance Act applies at:

Tertiary education tax is currently charged at:

The Finance Acts have introduced significant reforms to Nigerian tax law. Required: (a) Explain the companies income tax regime for small, medium and large companies introduced by the Finance Act, st…