Structure of the new syllabus

With effect from April 2025 diet, the professional examination of the Institute under this syllabus consists of the following four levels: Foundation; Professional Taxation I; Professional Taxation II; and Test of Professional Competence.

Foundation                                                                                              

Code      Subject                                                                 Abbreviation

A1.          Introduction to Taxation                                                ITT

A2.          Principles of Accounting                                               PAC            

A3.          Corporate, Business Law and Professional Ethics   CBE

A4.          Economics                                                                        ECO

Professional Taxation I

Code      Subject                                                                 Abbreviation

B1.           Financial Reporting                                                         FIR

B2.           Taxation of Individuals                                                   TID     

B3.           Taxation of Companies                                                  TAC   

B4.           Information Technology and Digital Taxation             ITD

Professional Taxation II

Code      Subject                                                                 Abbreviation

C1.          Tax Audit and Investigation                                          TAI

C2.          International Taxation                                                    INT

C3.          Extractive Industries Taxation                                      EIT

C4.          Governance and Strategic Tax Planning                     CGT

Application and Professional Skills

D1.          Test of Professional Competence                                TPC

Notes:

No candidate will be exempted from Test of Professional Competence paper. It is a compulsory paper that must be passed before induction into Associate membership of the Institute

Conversion arrangements

Candidates who failed any subject in the old syllabus will be required to write the stated subjects in the new syllabus as itemised below:

S/N	Old syllabus	New syllabus
		Subject to be written by candidates who failed any of the subjects in the old syllabus
	Foundation	Foundation
1	Principles of Taxation	Introduction to Taxation
2	Financial Accounting	Principles of Accounting
3	Business Law	Corporate, Business Law and Professional Ethics
4	Economics	Economics
	Professional Taxation I	Professional Taxation I
1	Financial Reporting	Financial Reporting
2	Governance, Risks and Ethics	–
3	Income Taxation	Taxation of  Individuals Taxation of  Companies Information Technology and Digital Taxation
4	Indirect Taxation	Taxation of  Individuals Taxation of  Companies Information Technology and Digital Taxation
	Professional Taxation II	Professional Taxation II
1	Tax Audit and Investigation	Tax Audit and Investigation Governance and Strategic Tax Planning
2	International Taxation	International Taxation Governance and Strategic Tax Planning
3	Financial / Tax Analysis	Governance and Strategic Tax Planning
4	Income Tax for Specialised Businesses	Extractive Industries Taxation Governance and Strategic Tax Planning
		Application and Professional skills Module
1		Test of Professional Competence

Exemptions

S/N	Qualification	Exemption (New)
1	ATS graduates, (ATT)/ATS/ATSWA, OND (Accounting & Taxation)	All papers in Foundation
2	ICAN (ACA)	All papers in Foundation, All PT I papers & PT II papers except Extractive Industries Taxation and Test of Professional Competence.
3	ANAN(CNA)	All papers in Foundation, All PT I papers & PT II papers except Extractive Industries Taxation and Test of Professional Competence
4	BL	All papers in Foundation, All PT I papers & PT II papers except Extractive Industries Taxation and Test of Professional Competence
5	ACCA	All papers in Foundation, all PT I papers and all PT II papers except Corporate, Business Law and Professional Ethics, Taxation of Companies, Taxation of Individuals, Extractive Industries Taxation and Test of Professional Competence
6	CIOT (UK Institutes of Taxation) Irish Institutes of Taxation	All papers in Foundation, all PT I papers and all PT II papers except Corporate, Business Law and Professional Ethics, Taxation of Companies, Taxation of Individuals  Extractive Industries Taxation and Test of Professional Competence
7	CITN TAX ACADEMY (CTA)	Subject by subject exemption
8	CIMA (UK)	All papers in Foundation, all PT I papers and all PT II papers except Corporate, Business Law and Professional Ethics, Taxation of Companies, Taxation of Individuals, Extractive Industries Taxation and Test of Professional Competence
9	ACIB	Corporate, Business Law and Professional Ethics, Principles of Accounting and Economics at Foundation
10	ACS/ACIS/ICSAN	Corporate, Business Law and Professional Ethics, Principles of Accounting and Economics at Foundation
11	MNIM	All Foundation papers except Introduction to Taxation.
12	LLB	All papers in Foundation, all PT I papers
13	HND/Degree Taxation (Accredited Institutions)	All papers in Foundation, all papers in PT I and International Tax, and Tax Audit & Investigation in PT II
	HND/Degree Taxation (Unaccredited Institutions)	All papers in Foundation and all papers in PT I
14	HND/Degree (Accounting)	All papers in Foundation and all PT I papers
15	HND/Degree Banking/Finance	All papers in Foundation
	HND/Degree Insurance	All papers in Foundation, except Introduction to Taxation
16	Degree in Economics	All papers in Foundation
17	HND/Degree Bus. Admin/Bus Management	All papers in Foundation except Introduction to Taxation
18	Other Degrees not stated here	Subject by subject exemption upon presentation of transcript
19	Masters in Programmes in Management Science with Taxation course in Transcript	All papers in Foundation, plus other subjects in PT I and PT II, based on presentation of transcript
20	Masters in Programmes in Management Science	All papers in Foundation except Introduction to Taxation
21	All other Masters’ Degree	Subject by subject exemptions upon presentation of transcript
22	Masters and PhD in Programmes in Management Science with Taxation Options/Taxation course in Transcript	All papers in Foundation and other papers in PT I and PT II, subject to transcript
24	Masters and PhD in Programmes in Management Science	All papers in Foundation and other papers in PT I and PT II, subject to transcript
25	All other Masters and Doctoral Degree in Programmes in Management Science	All papers in Foundation and other papers in PT I and PT II, subject to transcript
26	All other Doctoral Degrees	Subject by subject exemptions upon presentation of transcript
27	FIRS/JTB Fundamental Level	Introduction to Taxation in Foundation
28	FIRS/JTB Preliminary Level	All Papers in Foundation, all papers in PT I
29	FIRS/JTB Final Level	All papers in Foundation, all papers in PT I, all papers in PT II, subject to presentation of transcript
30	All other Professional Certificates not listed	Subject by subject exemptions upon presentation of detailed results

Notes:

For all categories of exemptions, having only two subjects, without prejudice to the level, can be combined within a diet, as far as the examination timetable does not clash.

Thank you

Afolake Oso, FCTI
Ag. Registrar/Chief Executive