The Chartered Institute of Taxation of Nigeria has conferred fellowship status on 329 members as part of efforts to improve and promote taxation practice in the country.
During the conferment of fellowship of the institute in Lagos, the President, CITN, Dame Simplice, said the exercise was in compliance with the mandates and Acts of the institute.
She said, “The tax profession in Nigeria is separate and distinct from any other professions and CITN is empowered by the CITN Act, Cap C10, laws of the Federal Republic of Nigeria to regulate the taxation profession in Nigeria.”
Simplice said it was also a mechanism to build and grow a sustainable tax administration system in the country.
According to her, the conferment signified commitment on the part of the conferees to become ambassadors of the profession at all times.
She urged the new fellows to uphold the principles and integrity of the profession in their service to the society.
The CITN president urged the new fellows to contribute their quota to the move towards ensuring effective and sustainable tax administration system in Nigeria.
She noted that the tax system needed to be improved upon, and that taxation could serve as a veritable tool for running the economy as was done in other countries.