21,212 Professionals Certified For Tax, Economic Reforms
The Chartered Institute of Taxation of Nigeria (CITN) has certified no fewer than 21,212 tax professionals to date, a feat achieved with the induction of 889 members in the last six months.
The development has given boost to the country’s ongoing reforms of tax laws and quest for increased revenue from an economic segment that has been adjudged underperforming.
CITN President, Chief Cyril Ede, who made the disclosure at the institute’s yearly general meeting in Lagos at the weekend, said the there is now a short conversion course for direct membership applicants, which will take off later in November.
According to him, the institute will continue to welcome professionals of diverse academic backgrounds, as it remains the centre of tax knowledge in the country and support for government’s renewed campaign for voluntary tax compliance.
The tax administrator noted that the economy witnessed a busy period since 2017 till now, when series of executive, policy and administrative pronouncements have been made regarding the segment.
“The institute continues to grow despite economic challenges that have compelled many adjustments in all spheres of life. Membership has not waned as we strive to grow the required manpower base needed for a vibrant and virile tax system,” he said.
To sustain the institute’s relevance and ensure that its contributions in the ongoing tax reforms continue to count, the council members visited the National Assembly and some of its key officers.
CITN has also extended its engagements to the country’s leadership and other professional bodies by opportunities presented at the Joint Tax Board meetings, summits and investitures organised by other professionals, as well as foreign tax institutes.