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CITN inducts 372, tasks practitioners on professionalism

By Isaac Chibuife
10 May 2022   |   3:47 am
The Chartered Institute of Taxation of Nigeria (CITN) has inducted 372 certified chartered practitioners in taxation. The institute equally tasked the newly inducted practitioners to imbibe the spirit of professionalism.

CITN

The Chartered Institute of Taxation of Nigeria (CITN) has inducted 372 certified chartered practitioners in taxation. The institute equally tasked the newly inducted practitioners to imbibe the spirit of professionalism.

 
At the institute’s 46th induction ceremony, President and Chairman in Council, CITN, Adesina Adebayo, maintained that the induction complied with the provisions of the CITN Act, CAP C10, Laws of the Federation of Nigeria 2004, where the institute derived its powers to regulate and control the practice of taxation profession in all its ramifications.
 
Adebayo said it was imperative that tax professionals support government in achieving a tax-driven economy.  He said this was achievable by being proactive in developing strategies for tax policy formulation and administration and others.
 
He commended the government for initiating tax policy formulation and the review of salient tax provisions as seen in the Finance Act 2019, followed by the Finance Act 2020 and now the Finance Act 2021.
 
According to him, this is a demonstration of government’s commitment to establishing a vibrant fiscal framework to actualise its revenue generation drive and other budgetary goals.
 
Chairman, membership and professional conduct committee, Ade-Tunde Oretuga, in his welcome address, said the event represented a symbolic unleashing of a force of qualified tax practitioners and administrators, who are the future leaders in taxation. 
 
He said the induction marked a call to stand tall in integrity and to be impeccable.
 
“Please as professionals, we have clear and enforceable rules, with a zero tolerance policy on all infractions.

That is the big hurdle that you must cross effortlessly in your daily practice of this profession. We have a clarion call to hold ourselves accountable to the highest standards of members of this institute,” he said.

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