Chartered Institute of Taxation Calls for Equity in Tax Reforms 

Omolabake Fasogbon

Amid ongoing debate around federal government’s tax reform bills, the Chartered Institute of Taxation of Nigeria (CITN) has highlighted  the need to prioritise equitable taxation  to drive economic sustainability. 

President of CITN, Mr. Samuel Agbeluyi at the institute’s fellowship conferment ceremony in Lagos, reiterated progressive tax system, urging government to revisit  proposed Economic Stabilisation Bills. 

He recognised  taxation role to national development, as well as the institute’s obligation to  shaping the country’s fiscal landscape by enhancing tax compliance, amongst other initiatives. 

He said, “While it is true that CITN’s contribution to policy dialogue has been invaluable in recent years, particularly in supporting the recommendations of the Presidential Committee on Fiscal Policy and Tax Reforms, concerns remain about certain areas in the current Economic Stabilisation Bills under consideration.”

He expressed further that the bill may  be misinterpreting  role of professionalism in tax administration.

“The CITN is a united assembly of tax experts serving the nation and stakeholders. As an institute, we have suggested corrections to identified gaps in the bills. We are hopeful that government will give due consideration to our recommendations, as it has done in the past.”

“As senior ambassadors of CITN, you must uphold accountability, transparency, and professionalism in the taxation system.We envision a future where only tax professionals will manage taxation responsibilities in both the public and private sectors. To achieve this, we must all strive for excellence,” he said