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CITN commits to development of tax profession

By Ngozi Egenuka
06 January 2022   |   4:05 am
Chartered Institute of Taxation of Nigeria (CITN) has reiterated commitment to develop the tax profession in Nigeria.

Chartered Institute of Taxation of Nigeria (CITN) has reiterated commitment to develop the tax profession in Nigeria.

The institute noted its focus on training, development and certification of members of the profession to ensure competence and also constant engagement with government on how to have the right tax environment.

President, CITN, Adesina Adedayo, disclosed these at a media briefing to commemorate the 40th anniversary in Lagos.

According to him, the institute, which started on February 4, 1982 as Association of Tax Administrators and Practitioners, metamorphosed to the Nigeria Institute of Taxation and became chartered by Decree No. 76 of 1992 (now Act. No. 76, CAP C10, LFN 2004) as the foremost institute recognised by law to regulate the taxation profession in Nigeria.

He lauded the efforts of the body’s founding fathers in conceptualising the birth of the Institute, the sustenance of its vision and mission and the governance structure that has been able to manage the challenges, success and succession in leadership.

“CITN has also ensured that it is living up to its duty to continually enlighten and educate the public and stakeholders alike both through members of the profession, district societies and the Institute. We do this through advisory, involvement and participation in activities geared towards improving the legislative, administrative and policy frameworks of tax education, administration and practice. We make informed input to government fiscal and tax policy direction and also update our members on emerging Tax policy and related issues. These achievements and more would be highlighted in the course of the celebration events,” Adedayo added.

He stated that the institute has 42 district societies across the nation which discharges its duties with the peculiarity of their location.

Chairman, Anniversary Planning Committee, Mr Foluso Fasooto, said that if revenue generation is formalised, where adequate taxes would be paid timely, through the right channel and every leakage blocked, the government would have enough money for the development of the nation.

Highlighting activities lined up for the anniversary, he noted that the 40th anniversary would kick off with Jumaat Service at Alausa Central Mosque and all other designated mosques in all the District Societies on Friday, January 28, 2022 followed by press briefing the following day, Saturday, January 29. 40th Anniversary Thanksgiving Service at Chapel of Christ the Light Church, Alausa-Ikeja and all other designated churches in the District Societies on Sunday, January 30, 2022.

He added that a tax walk in the headquarters and the District Societies nationwide would take place on Monday, January 31, 2022. Other activities include public lecture, at Sheraton Hotels, Abuja on Tuesday, February 1, 2022; visit to IDP camps, orphanages/less privileged homes on Thursday, February 3, and dinner on Saturday, February 5, 2022.

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