Dear member,

Avail yourself the opportunity to make up your credit hour deficiency for the year, obtain 15 credit hour by attending CITN Seminar on Taxation of High Networth Individuals.

The Nigerian Tax system is transcending beyond the basic administration of the tax laws.  Citizens’ expenditure levels are fast becoming a rudder for determining their state of wealth, income and its chargeability to tax.

Target Audience for the Seminar includes: Audit / Tax partners and Executives, Tax Consultants, Bank Executives, Tax Practitioners, Tax Administrators, Revenue officers, External Auditors, Financial Experts, Accountants, Legal Practitioners and Top Executives of organizations.

It is therefore becoming important to contemplate this revenue strategy for the purpose of ascertaining its appropriateness and use.

Based on the above, the Institute’s Seminar on Taxation of High Net worth Individuals will hold as follows:

Date: Thursday, 6^th December, 2018

Time: 9:00am

Venue:  Chida International Hotel, Jabi. Plot 224 Solomon Lar Way, Utako District, Abuja.

The topics for the day are:

1)   Taxation of HNI: Legality & Practice

Objective: The training considers the legal and procedural underpinnings for targeting High networth Individuals and implication for practice

Learning Outcome:

Participants should be able to:

a)   Establish the nexus between ostentatious consumption and High networth Individuals;

b)   Explain the differences between High networth, Sub-High networth and Ultra-HNI;

c)   Be apprised of experiences of other jurisdictions;

d)   Learn effective practice and management of High networth Individuals.

 2)   Implications of Voluntary Offshore Assets Regularization Scheme (VOARS) on High Net worth Individuals.

Objective: The training is aimed at facilitating understanding of the personal income tax terrain within the context of emergent alliances such as Multilateral Competent Authority Agreements.

Learning Outcome:

Participants should be able to:

a)   Appraise the global coalition and its implication for HNIs;

b)   Relate the effect of Multi-lateral competent Authority Agreements on VOARS and HNIs;

c)   Implications of Automatic Exchange of Information and Country-by-Country reporting on VOARS and HNIs;

d)   Explain the nexus and implications of VOARS on HNIs.

3)   HNI: Compliance requirements implication.

Objective: The training is aimed at facilitating understanding of the Personal Income Tax Act as it relates to documentation and filing requirements of High Networth Individuals.

Learning Outcome:

Participants should be able to:

1. Ensure good record keeping for personal Income tax purposes.


2. Itinerary tracking (e.g. International dual residence issues)


3. Assets/investment tracking and management


4. Immigration considerations & management for Expatriate HNI

The participation fee is N50,000 for Members and N60,000 for Non-members.

Bank details:  CITN Access bank account no 0041893766

Payment at the venue attracts a penalty of N5,000.

For enquiry, Call Esau on 08023641874 or Lizzy on 08023244395.

Yours faithfully,

The Chartered Institute of Taxation of Nigeria

Adefisayo Awogbade, M. Sc; FCTI

Registrar/Chief Executive