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

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is...

Here is the list of Providus Bank Branches in Lagos

A little over two years after it was granted a commercial banking license with regional authorization by the Central...

Carbon Disbursed Over N23.1 Billion in Loans and Generated N6.3 Billion Revenue in 2019

Nigeria’s leading digital financial services company, Carbon, has released it’s 2019 financial statements audited by KPMG, detailing its product...
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 -
Igbaroola V. FIRS & 4 ORS.: FHC Confirms the Supremacy Of The CITN Act With Regards To The Regulation Of The Tax Profession In NigeriaIgbaroola V. FIRS & 4 ORS.: FHC Confirms the Supremacy Of The CITN Act With Regards To The Regulation Of The Tax Profession In Nigeria

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.

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

Latest News

COVID-19: Olivier Jolivet, CEO of COMO Group, on the future of travel in a post-pandemic era

SINGAPORE - Media OutReach - 2 July 2020 - Luxury hotels and resorts have always positioned seclusion, exclusivity and a host of wellness...

DHL named a Leader in the 2020 Gartner Magic Quadrant for Third-Party Logistics, Worldwide

“Dialog and proximity to our customers help us react quickly to changing market conditions, especially in times of the Corona crisis,” said Oscar de...

FWD Completes MetLife Hong Kong Acquisition

HONG KONG, CHINA - Media OutReach - 2 July, 2020 - FWD Management Holdings Limited, the Hong Kong registered business of FWD Group, is delighted to announce it has...

International Energy Agency’s Africa Dialogue Needs to be Inclusive for a Workable Africa’s Energy Transition

JOHANNESBURG, SOUTH AFRICA - EQS Newswire - July 1st, 2020 - The African Energy Chamber takes notes of recent initiatives taken by the International Energy...

Dataxet continues to expand its footprint across Asia with acquisition of Sonar Platform and NAMA

SINGAPORE - Media OutReach - 1 July 2020 - Dataxet, a data intelligence company, has announced that it has acquired Sonar Platform in Indonesia along with...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Igbaroola V. FIRS & 4 ORS.: FHC Confirms the Supremacy Of The CITN Act With Regards To The Regulation Of The Tax Profession In NigeriaIgbaroola V. FIRS & 4 ORS.: FHC Confirms the Supremacy Of The CITN Act With Regards To The Regulation Of The Tax Profession In Nigeria