CITN urges members to use stamp, seal on tax returns
The Chartered Institute of Taxation Nigeria (CITN) has again notified the general public, particularly the tax practitioners and administrators, that by January 2, 2019, all tax returns without the CITN stamp and seal, prepared and submitted to FIRS on behalf of taxpayers, will no longer be accepted.
The CITN is the only institute statutorily empowered to regulate tax practice and administration in Nigeria and in tandem with the Act establishing the institute- Chartered Institute of Taxation of Nigeria Act, CAP C10, Vol. 2, Laws of the Federation of Nigeria 2004, it is mandatory for professionals filing tax returns on behalf of their clients to affix the CITN stamp and seal in all the returns submitted to the FIRS.
In a statement signed by the institute’s Registrar/Chief Executive, Adefisayo Awogbade, he noted that CITN requires all its members to take necessary steps to be “in good standing with the institute by obtaining their stamps and affixing same thereto on tax returns, effective January 2, 2019.”Other professionals, who are yet to obtain the practicing licence of the institute should do so without further delay and may need to visit the CITN website at www.citn.org for necessary direction.
However, only taxpayers, who do not need the services of tax practitioners and who decide to file their tax returns directly, would not be under obligation to comply with affixing of CITN stamp and seal on their tax returns filed with FIRS.
No Comments yet