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CITN tasks practitioners on professionalism, ethics

By Gloria Nwafor
16 August 2022   |   3:50 am
The Chartered Institute of Taxation of Nigeria (CITN) has urged practitioners to embrace professionalism and ethical standards expected of licensed tax practitioners in the course of their practice.

President of the Chartered Institute of Taxation of Nigeria (CITN), Adesina Adedayo

The Chartered Institute of Taxation of Nigeria (CITN) has urged practitioners to embrace professionalism and ethical standards expected of licensed tax practitioners in the course of their practice.
 
President of CITN, Adesina Adedayo, said this during the presentation of the institute’s practice certificates to members. He charged them to be brand ambassadors in conduct, character, attitude and integrity. 
 
To guide their practice, he said the institute expects them to hold in high esteem its core values, which have been redefined as service, teamwork, excellence and professionalism (STEP), as well as to strictly adhere to the guidelines and principles at all times.

He said the institute would not fail to discipline those found guilty of misconduct, saying, “Our investigating panel and disciplinary tribunal are equipped and active to dispense such matters.”
 
Adedayo said the customised stamps and seals are to be used by the tax practitioners in filing tax returns and to be affixed on correspondences.
 
He recalled the Memorandum of Understanding between the CITN, Institute of Chartered Accountants of Nigeria (ICAN) and Association of National Accountants of Nigeria (ANAN) in May 2021, where the Federal Inland Revenue Service (FIRS) issued a circular to standardise the mode of filing returns by the respective institutions.
 
He said the FIRS in the circular made it explicit that it would not accept tax computations included in any tax return, except it is done by a tax practitioner, licensed by the CITN and has the stamp or seal.
 
He assured the members of the institute’s commitment to acquiring certain standards that meet global demands in taxation.
 


According to him, “we have various training in forms of conferences, workshops and seminars, among others, to build the capacity of members.
  
“As tax professionals, it is expected of you to be constantly involved in the capacity development programme of the institute to enable you to stay up to date with trends and practices in taxation.”

The CITN boss also revealed the institute’s efforts in engaging with relevant strategic government institutions on the need to place at the helm of affairs tax professionals in ministries, departments and agencies to enable them to demonstrate their professional competence, as well as assist government in the realisation of its goals and objectives, particularly on areas of revenue generation and curbing revenue leakages.

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