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CITN begins distribution of stamp, seals for tax returns to members Ikeja

Posted by Sunmola Olalekan Private Ikeja
Price: NGN 10
The Chartered Institute of Taxation of Nigeria (CITN) has begun the distribution of its stamp and seal to its certified members, just few months after it emerged that tax returns without the institute’s authentications would be rejected. The presentation marks the full kick off of the implementation of the new directive that all tax returns to the Federal Inland Revenue Service must bear the stamp and seal of the institute, showing that declarations have been certified by a professional tax practitioner.
The President of CITN, Chief Cyril Ede, in an interview with The Guardian, said the stamp and seal presented to deserving members stand as an appointment, acknowledgement and authority of the institute to practice taxation in the country. They will use it to certify all the tax jobs they have done, as well as part of efforts to contain quackery, because the seal cannot be given to people who are not certified by the institute. Noting that FIRS is deeply interested in effective taxation in the country, he pointed out that the move has the support of FIRS, although the agency is mainly for tax administration, while CITN is for tax practice. “They know that CITN is their body. The Chairman of the board of the FIRS knows that CITN is the body of tax administrators and practitioners and they respect what we are doing. “They send their people here for training and certifications, help us organise our conferences and for the government. It has been established that it is only the seal of CITN that actually should be used in tax returns, although some people are still contesting it. “This institute is the only one certified by law and to control taxation profession in all its ramifications. So, we are battling it with the people who are protesting, who think that we shouldn’t be given that alone. In England, the practice of taxation derives authority from the institute of taxation. We have been doing our best to let everyone know. “We look forward to seeing genuine tax professionals and those who represent the institute and they will also be recognised because tax is taking a very wide dimension in Nigeria, Africa and the world at large.

Source: Guardian

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