ICAN Taxation Notes
Nigerian tax rules and how to compute tax for individuals and businesses. This course follows the ICAN syllabus in 44 topics. All 44 are published, each with detailed notes, worked examples, exam tips and ICAN-style practice questions.
Topics in ICAN Taxation
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About ICAN Taxation Notes
These are the 44 Taxation topics, in teaching order, across 6 syllabus sections. The first note is “What is tax?” and the last is “Which law applies”. Reading them all takes about 10 hours. At an hour a day, that is about 10 days.
What you will learn
- Explain the principles of tax, how tax is administered, and the ethics involved (20% of marks)
- Calculate and account for VAT and the other taxes charged on transactions (20% of marks)
- Compute tax for individuals, including employment income and PAYE (25% of marks)
- Compute company tax, including capital allowances, under the old law and the Nigeria Tax Act 2025 (30% of marks)
- Describe how technology is used in tax administration and filing (5% of marks)
- Use the quick reference to revise rates and rules across the syllabus
What ICAN asks most
These topics came up most often in the Pathfinder past questions mapped to these notes. A question that covers several topics counts for each one. Start here if you are short on time.
- Withholding tax and withholding tax rates in Nigeria 7 questions
- Tax authorities and their powers: the Nigeria Revenue Service, Joint Tax Board and state boards 6 questions
- Taxation of partnerships 6 questions
- Tax jurisdiction: taxes and levies of federal, state and local governments 5 questions
- Objections and tax appeals 5 questions
Frequently asked Questions about Taxation
What is ICAN Taxation?
Nigerian tax rules and how to compute tax for individuals and businesses. It is a Skills level paper.
Are the Taxation notes free?
Yes. All 44 topics are free to read online. You pay only to keep them as PDF and Word, which come in the course pack with the full question bank and marking guides.
Do the notes cover the Nigeria Tax Act 2025?
Yes. The Act runs through most topics, and one topic tells you which law applies before and after 2026. Check current rates against official sources before you sit the paper.
How many topics are in Taxation?
There are 44 topics in 6 syllabus sections, in teaching order. Each has a summary, worked examples, exam tips and practice questions.
Which section carries the most marks in Taxation?
Company income taxes is the biggest section, at 30% of marks. Start there, but do not skip the rest. Any section can be examined.
Can I practise with past questions?
Yes. Every topic has ICAN-style practice questions with marking guides. Where past ICAN questions exist, a Pathfinder section lists them by diet and year, so you can try the real thing.
What mark do I need to pass Taxation?
ICAN papers are normally passed with 50%. Confirm the current rule on the official ICAN portal, because the Institute can change it.
Are the notes up to date?
They follow the ICAN Skills level syllabus, so they are the same for every diet. Found a mistake? Tap Tell us on any topic and we will check it.
Are these notes from ICAN?
No. Accountants.ng is independent of ICAN. ICAN publishes the official syllabus, study text and past papers, so use our notes alongside them.
How do I study Taxation without getting overwhelmed?
Take one topic at a time. Read it, try the practice questions, then check the marking guide. Move through the sections in order, and give extra time to the sections with more marks.