The Registrar-General of the Corporate Affairs Commission (CAC), Alhaji Bello Mahmud has called on the Chartered Institute of Taxation of Nigeria (CITN) to address double taxation in the country.
Alhaji Bello Mahmud spoke when CITN’s Registrar/Chief Executive Mr. Adefisayo Awogbade and his team, led by the Chairman, Annual Tax Conference Committee, Samuel Agbeluyi visited the commission.
The registrar-general stressed the need to harmonise tax to ensure that people do not suffer double taxation not to demoralise tax payers.
He said the institute should partner the government to ensure awareness on the honest commitment of government to use taxes properly to enable tax payers appreciate the benefits of tax payment, adding that this would motivate tax evaders.
Mahmud hailed the institute for planning the conference ahead as such would give room for greater event. He assured that the CAC would sponsor its members in the commission to attend the conference.
Earlier, the Registrar of the institute, Mr. Adefisayo Awogbade, said the purpose of the visit was to reach stakeholders, such as the CAC, to intimate it with its programmes particularly the institute’s 2016 Annual Conference next May.
He added that part of their visit was for advocacy, adding that Nigeria cannot afford to be a mono-economy, given the advantages of diversification of the economy for more sources of revenue.
The focus of the 2016 Annual Tax Conference is on ‘How to do more with internally generated revenue’. The conference will address advocacy, proper use of tax revenue, mobilisation of revenue agencies to comply and pay taxes to develop the country, among others.
According to the institute, the conference would enable stakeholders interact and meet minds on areas of collaboration. The CITN is the professional body empowered by law to regulate the tax profession. It is a training institute that trains and re-train.