The Chartered Institute of Taxation of
Nigeria (CITN) has reiterated that effective from Jan. 2, 2019, all tax
returns without the CITN stamp and seal would no longer be accepted.
Nigeria (CITN) has reiterated that effective from Jan. 2, 2019, all tax
returns without the CITN stamp and seal would no longer be accepted.
Mr Adefisayo Awogbade, the
Registrar/Chief Executive of CITN made this known in Abuja where he said
that the Federal Inland Revenue Service (FIRS) would not accept any tax
returns without the CITN stamp and seal prepared and submitted
on behalf of taxpayers.
Registrar/Chief Executive of CITN made this known in Abuja where he said
that the Federal Inland Revenue Service (FIRS) would not accept any tax
returns without the CITN stamp and seal prepared and submitted
on behalf of taxpayers.
It warned that Tax Practitioners and Administrators should endeavour to comply.
According to the statement, CITN is the
only Institute statutorily empowered to regulate tax practice and
administration in Nigeria.
only Institute statutorily empowered to regulate tax practice and
administration in Nigeria.
“In tandem with the Act establishing the
CITN (Chartered Institute of Taxation of Nigeria Act, CAP C10, Vol. 2,
Laws of the Federation of Nigeria, 2004).
CITN (Chartered Institute of Taxation of Nigeria Act, CAP C10, Vol. 2,
Laws of the Federation of Nigeria, 2004).
“It is mandatory for professionals filing
tax returns on behalf of their clients to affix the CITN stamp and seal
in all returns submitted to the FIRS,” the statement said.
tax returns on behalf of their clients to affix the CITN stamp and seal
in all returns submitted to the FIRS,” the statement said.
The statement stressed that CITN requires
all its members to take necessary steps to be in good standing with the
Institute by obtaining their stamps and affixing same on tax returns
from the effective date of January 2, 2019.
all its members to take necessary steps to be in good standing with the
Institute by obtaining their stamps and affixing same on tax returns
from the effective date of January 2, 2019.
It also said that other professionals who
are yet to obtain the practicing licence of the Institute should do so
without further delay.
are yet to obtain the practicing licence of the Institute should do so
without further delay.
“They may visit the CITN website at www.citn.org on necessary steps to follow,” it said.
It, however, said that taxpayers who do
not need the service of ax Practitioners and who decide to file their
tax returns directly would not be under obligation to comply with
affixing of CITN stamp and seal on their tax returns
filed with FIRS.
not need the service of ax Practitioners and who decide to file their
tax returns directly would not be under obligation to comply with
affixing of CITN stamp and seal on their tax returns
filed with FIRS.
