The Chartered Institute of Taxation of Nigeria (CITN) has restated its commitment towards providing a strong manpower base for the tax system in the country.
The President, CITN, Mrs. Olateju Somorin said at the 34th induction ceremony held recently in Lagos.
“The institute, on its part, recognises the need for continuous provision of a strong manpower base for tax system and shall contribute its fair share in this regard,” she said.
Somorin further explained the place of taxation in national development, saying it has taken a front burner at both federal and state governments levels as a result of increased activities geared towards increasing internally generated revenue with the application of diverse strategies.
She pointed out that while some states have started working on the institute call for autonomy in terms of revenue administration in their respective states, others decided to self-help on what tax payers should pay.
Somorin explained that the imposition of taxes is based on assessments due to the convention of the tax laws in Nigeria.
“These assessments provide the basis for arriving at the taxes being demanded. This makes for a better understanding and position of trust between the tax payers and tax administrators, “she said.
CITN boss stated that only tax professionals are the ones to head and administer agencies saddled with the responsibility of revenue generation.
According to her, “Only those possessing the skill set and vision in taxation to take same to greater heights need to be tapped for all jobs and positions relating to taxation across board.”
Somorin said this was necessary if government was to be taken seriously towards addressing the low tax compliance and high revenue generation.
” We recognise that as an institute, we do not possess compulsive powers to make government toe this line. However, we will continue to male our voice heard at every opportunity to drive home the message of professionalism, “she said.
The taxation expert, however, enjoined the 675 newly inducted members to continue conducting their services with great dedication and integrity.
According to her, “this would rub off on your personal development, that of the institute and the society in general.”