Igbaroola V. FIRS & 4 ORS.: FHC Confirms the Supremacy Of The CITN Act With Regards To The Regulation Of The Tax Profession In Nigeria

Must Read

US $10.7m Amsalco Shopping Mall Breaks Ground in Kaduna

The mall dubbed ‘Amsalco Galaxy Mall’ is being constructed at the Murtala Muhammed Square in the heart of Kaduna...

Advancing Economic Growth in Africa; Tony Elumelu Meets with the Presidents of Congo DRC and Rwanda

As the number of African entrepreneurs continues to rise, governments have begun to develop programs and platforms conducive enough...

Performance of all PFAs in Nigeria for July 2019

Have you ever taken time to check out the Returns on Investment (ROI) of the funds in your Retirement...
- Advertisement -
The Federal High Court sitting in Lagos, on Tuesday, 21st May 2019, has for the umpteenth time held that only members of the CITN can practice taxation in Nigeria pursuant to the relevant provisions of the CITN Act. 
This was the outcome of the suit instituted in 2018 by five members of ICAN by way of originating summons challenging the authority of FIRS to recognise the power of CITN to regulate the tax profession in Nigeria in all its ramifications.
The Court further held that Regulation 5 of the Tax Administration (Self-Assessment) Regulations, 2011, which purports to allow members of ICAN, ANAN, and CITN to co-jointly file tax returns on behalf of taxpayers, where taxpayers opt to hire tax agents for reward, was in conflict with the extant provisions of the CITN Act.
Consequently, the Court dismissed the suit of the plaintiffs and awarded cost of N200,000 in favour of the defendants.
This decision is a re-affirmation of the decisions of the Lagos State High Court in 2007 and the Court of Appeal, Lagos Division, in 2013, re-stating that only CITN can regulate taxation, and only its members can practice taxation in Nigeria. FIRS, therefore, acted legally vide its letter to the CITN of 23rd April 2018, which stated that only  CITN stamp and seal will be recognised by FIRS, with effect from 2nd January 2019,  for the purpose of filing tax returns in FIRS.
The Institute will issue further releases after its legal team obtains the certified true copy of the judgement.
This decision has in no way encumbered the about 10,000 ICAN members in CITN from practising taxation. Its only result is that those ICAN members, who are not members of the CITN, cannot practice taxation or file tax returns until they become chartered CITN members.
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

3Line Set To Launch Cutting-Edge Retail Management Solution For SMEs

3Line Card Management, an innovative fintech company is set to launch an integrated retail management payment solution, Visum to...

Suntrust Bank Nigeria Celebrates 3rd Year Anniversary

They might not be able to blow their trumpet-like other banks in the country but Suntrust Bank Nigeria, will look back at its 3years...

Nigeria’s GDP could easily grow to $1trn by 2023 If we revive these 10 moribund industries

Nigeria’s GDP could easily grow to $1trn by 2023 If we revive these 10 moribund industries(1) Ajaokuta Steel MillNo nation can industrialise without steel....

Chijioke Charles Emerges Winner Of Hi-Life Fest 2019 (Photos)

Life Lager, the beer brand renowned for inspiring progress, and for celebrating the culture of the people has added another landmark achievement to its...

More Articles Like This