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CITN President tasks FG on improved economy for thriving taxation

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Olajumoke

Urging Federal Government to improve the nation’s economy, the President of Chartered Institute of Taxation of Nigeria (CITN), Dame Gladys Olajumoke, has said that is the only way taxation can add value to the Nigerian economy’s survival.

She noted that people are grumbling and angry to pay taxes because they have not been able to see what the ones they paid are used for, but provision of enabling environment will compel Nigerians to pay taxes for the country’s survival, in addition to dwindling revenue from oil.

The tax expert, who stated this at the opening ceremony of the 23rd annual tax conference, held at Murtala Square, Kaduna, Kaduna State, warned that the world is moving towards the fourth generation, which is highly technology-driven, and Nigeria cannot afford to be left behind.

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She explained that government and tax experts should collaborate and come up with how to tax e-commerce, where multi-billion trade takes place daily without taxation.

She said: “… How much have we been taxing e-commerce? We have done and are still doing millions of webinars via Zoom, Telegram and others in Nigeria. So, we are going to look into taxation of e-commerce, because we are in a technology-driven economy. It is a fact that COVID-19 has brought us here. In this meeting, we have about 400 participants online, which is because of technological breakthrough that translates into billions of transactions taking place in the atmosphere.

“These are taxed in developed climes. But, because our technology is emerging, we need to be grounded firmly in both the software and hardware aspects of this technology. This was why we have invited experts to discuss the way forward because we cannot pretend not to know. We must start to build tax officers and technical people in the ministry of Finance to enable knowing that the e-commerce has come to stay…”

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