Abuja partners CITN, other bodies to raise tax revenue
By Jeph Ajobaju, Chief Copy Editor
A partnership is being formed between the Chartered Institute of Taxation of Nigeria (CITN) and the federal government and other professional bodies to raise tax compliance levels nationwide.
“Our continuous collaboration with stakeholders at the state level is central to the successful execution of the mandate of the institute.
“Within the period under review, visits were made to nine states namely Oyo, Enugu, Edo, Borno, Akwa Ibom, Kebbi, Niger, Kwara and Kaduna States,” CITN President Adesina Adedayo said at the institute’s 30th annual general meeting in Lagos.
He disclosed that after his investiture, he led a delegation to visit Vice President Yemi Osinbajo.
“The highlights of the visit include our call to leadership by example by ensuring tax compliance and effective payment of taxes by those who aspire to political offices, implementation of the recommendations of the National Tax Policy; and the need for effective digitisation of the tax system,” he said.
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CITN relationship with regional bodies
Adedayo stressed that the relationship of CITN with professional and regional bodies is increasingly being sustained, per reporting by The PUNCH.
To strengthen partnership with neighbouring countries, an action plan for specialised capacity-building programme for tax professionals in Africa is being developed by the CITN and the Chartered Institute of Taxation Ghana.
To further advance its relationship with other tax professional bodies, he added, the CITN attended international conferences in other countries.
He added that to improve its engagement with the legislative arm of government, he visited officers and members of the National Assembly (NASS) and their discussion stressed the need for the CITN to improve its interaction with the NASS.
In Adedayo’s view, this is key to initiating a tax law review and other issues that require legislative action.
“The institute had cause to make representations during the Senate public hearing on the Financial Reporting Council Act (Amendment) Bill and the House of Representatives Public Hearing on ICAN Act (Amendment) Bill.
“Our contributions were very much appreciated by both arms of the National Assembly.”