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Stakeholders advocate tax compliance in Nigeria

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Photo: expatarrivals

Photo: expatarrivals

As Nigeria continues to deal with dwindling income, stakeholders in the tax industry have advocated efforts to encourage tax compliance in the country.

The Director Large Tax Payers Department, Federal Inland Revenue Service(FIRS), Innocent Ohagwa , who spoke on behalf of President Goodluck Jonathan, at the official opening of the Chartered Institute of Taxation of Nigeria (CITN) secretariat, (Tax Professional House) in Alausa, described taxation as an important aspect of the society, urging all and sundry to ensure that they are tax compliant.
 
He said CITN is constitutionally recognised body which ensures that the standards of knowledge required to take this tax profession to greater height are sustained.

Responding, Fashola, who was represented by his Special Adviser on Taxation & Revenue, Bola Shodipo, emphasized the importance of taxation in every nation’s development.
Quoting the late Premier of the defunct Western Region, he said without taxation there could never be development. “The late Chief Obafemi Awolowo once said: “Show me a country without taxation and I will show you a country that will never develop.’  The only way out is that taxation must take is role in a place of things in the macro economy of Nigeria. Without taxation there will never be a way forward.
  
“The CITN has never let Nigeria down. We are not one of those who are supposed to be accounting for things and could not account for them or an accountant that speaks from two sides of the mouth, that can’t speak professionally. Professional has really let Nigeria down”, he stated.

The CITN has expressed its appreciation to Lagos State Governor, Babatunde Fashola, for his support in the completion of the Tax Professionals House.
   
CITN President, Chief Mark Dike, said the state, through its relevant agencies like the Lagos State Land Bureau, Lagos State Surveyor General’s office, Lagos State Town Planning Authority, Lagos State Building Control Agency among others, gave accelerated approvals required for the project to be completed.


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