CITN seeks improvement in tax policies, revenue
The Chartered Institute of Taxation of Nigeria (CITN), has disclosed of plans to strengthen efforts to improve the country’s revenue from tax.
Addressing journalists in Lagos, the President, CITN, Chief Cyril Ede, noting that although the Institute is not a taxing authority, said: “We streamline the tax process, and even talk to the tax authorities when they overstep their boundaries. We do it in seminars with every opportunity we get.”
The Institute plans to unveil efforts in this regard during its flagship event, at the 20th Annual Tax Conference, which programme of activities was unveiled last week.
Ede said the conference will help tackle the issue of multiple taxes, as it will be an avenue to educate people on the right things to be done.
He argued that the tax-to-GDP ratio is dependent on how taxes are collected, reiterating that there should be a wide spread of collection and not multiple taxation as these are burdens to Nigerians.
He said: “If we streamline tax in such a way that the over burdening taxes are removed, more people will comply. We are reforming the tax system in such a way that only authorised taxes are being collected because whenever taxes become over burdening to people, they have the right to complain.
“Taxation is part of life, and Nigerians should not evade paying taxes. People will stop taking to their heels once multiple taxation is stopped. The conference will be an opportunity to educate people to imbibe the taxpaying culture. It’s not a matter of increasing the rates but increasing the collection.
To this end Ede informed that the conference will bring together policymakers, including state governors, and local government administrators to relate firsthand strategies to improve revenue from taxes.
He said the CITN event which is scheduled to hold from 8th to 11th May 2018 in Abuja, will bring together the largest attendance of tax professionals in a single location, and will be of immense technical benefit to members and all participants.
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