Chartered Institute of Taxation of Nigeria (CITN) wishes to inform all its members that the Institute has commenced plans to implement personalized stamps for all Tax Practitioners. This is a concerted move by the leadership of the Institute to carve a unique identity for tax practitioners in filing tax returns and correspondences.
The step would resonate with the responsibility bestowed on the Institute by Act No. 76 of 1992 (now CITN Act, CAP C10, Vol. 2, Laws of the Federation of Nigeria, 2004) in determining among others what standards of knowledge and skills are to be attained by Tax Practitioners and Administrators.
In view of this, the use of personalized stamps for filing of tax returns with tax authorities and authentication of correspondences between Tax Practitioners and their clients become mandatory to come March 1, 2021. All Tax Practitioners are therefore required to update their subscription payments and profiles with the Institute not later than January 31, 2021.
The Chartered Institute of Taxation of Nigeria started on February 4, 1982, as Association of Tax Administrators and Practitioners. Thereafter, it transformed into Nigeria Institute of Taxation, which was formally launched on February 21, 1982, and statutorily recognized on May 6, 1987, as company Limited by Guarantee.
The Institute was chartered by the Federal Government of Nigeria by the enabling Act No. 76 of 1992 (now CITN Act, CAP C10, Vol. 2, Laws of the Federation of Nigeria, 2004) and was charged with the responsibility, among others, of determining what standards of knowledge and skills are to be attained by persons seeking to become professional Tax Practitioners or Administrators.