The Chartered Institute of Taxation of Nigeria (CITN) has said that the ongoing tax reforms will lift citizen’s standard of living, expand the tax base and boost compliance with tax regulations. CITN President and Chairman of Council, Innocent Ohagwa disclosed this at the institute’s 58th induction ceremony.
He explained that while the detailed accreditation framework would be formally issued by the relevant authorities, its role remained clear under the new Act.
He said the CITN will continue to regulate the taxation practice, set professional standards, maintain registers of members, and enforce discipline among its members.
To this new development, he said the CITN has raised the bar of competence and ethical standards that every member, particularly practitioners, must strive to meet.
The CITN boss called on the new members to devote their time to reading and understanding the current tax laws, remain relevant and continually invest in knowledge and build capacity.
Special Guest of Honour and Managing Consultant, CSDC Consulting Limited, Dr Oladeji Akinyele, spoke on ‘Building a New Generation of Ethical and Innovative Tax Professionals’.
He disclosed that the next decade redefines tax professionals as policy influencers and nation-builders.
He urged the newly inducted members to be tech-savvy, policy-minded, ethically-grounded, and socially conscious.
Using the four quotients of intelligence, emotional, social and adversity quotient as thriving for astute professionals, Akinyele said: “Let your IQ make you credible, your EQ make you humane, your SQ make you visible and your AQ make you unstoppable,” he said.
