CITN Test of Professional Competence (TPC) case studies
CITN Test of Professional Competence (TPC) · Put your knowledge to work in context.
The Test of Professional Competence (TPC) is an examination of the Chartered Institute of Taxation of Nigeria (CITN), the body chartered by the Federal Government of Nigeria through Act No. 76 of 1992 (now CITN Act, CAP C10, Vol. The CITN Test of Professional Competence (TPC) case studies are 5 cases and about 3,144 words.
1The omitted asset and the quiet fix
You are the tax manager at a mid-tier practice in Lagos. Your client, Kestrel Logistics Ltd, a haulage company with turnover of NGN 1.4bn, filed its 2023 companies income tax return six months ago showing taxable profit of NGN 48m and tax payable of NGN 14.4m at 30%.
644 words, about 3 min2A best-of-judgement assessment with 12 days left
Golden Palm Catering Ltd is an Abuja-based company providing event catering. It is registered for VAT and files monthly.
645 words, about 3 min3The success fee and the private dinner
You are a sole practitioner advising Cedar Heights Developments Ltd, a property developer, in a companies income tax audit covering 2021 and 2022. FIRS has issued a draft additional assessment of NGN 90m, largely by disallowing NGN 210m of 'project development costs' that the company treated as revenue deductions.
616 words, about 3 min4The parent company's management fee
Ridgeview Foods Nigeria Ltd is a subsidiary of a Mauritius holding company. In 2023 it paid NGN 96m in management fees to the parent, equal to 8% of its NGN 1.2bn turnover, under a one-page agreement that refers to 'strategic, technical and brand support' without specifying deliverables.
612 words, about 3 min5The predecessor's signatures
A sole practitioner, Mrs Okafor, is approached by the directors of Brightline Schools Ltd to take over its tax affairs after its previous adviser died suddenly. The company has outstanding CIT returns for 2022 and 2023.
627 words, about 3 min