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Tag: taxation

  • CITN holds workshop on taxation

    CITN holds workshop on taxation

    The Chartered Institute of Taxation of Nigeria (CITN) has held a workshop for the media.

    In a statement, the institute said the objective was to enlighten the public on their rights, duties and liabilities in relation to taxation.

    It said the media has a responsibility to hold the government accountable to the people, a role which made the institute to partner with the media on the training.

    It explained that taxation, like any other discipline or profession, has peculiarities, technicalities and terminologies, which are incomprehensible to the uninitiated.

    “The Council of CITN has empowered its Publicity and Publications Committee to organise this event to educate and interact with gentlemen of the press so as to equip them intellectually on terminologies and basic taxation issues that are germane to the performance of their functions,” it said.

     

  • ‘Taxation promotes global wealth, stability’

    ‘Taxation promotes global wealth, stability’

    The stability and growth of world economies will depend on their adaptation of efficient and effective tax policies, President, Chartered Institute of Taxation of Nigeria (CITN), Sunday Femi Jegede, has said.

    Speaking ahead of the 15th Annual Tax Conference holding from May 7 to 11 in Calabar, the CITN boss said how tax revenues are generated and spent by different levels of government should be of utmost concern to civil society groups, local communities and entire population. He said such awareness would help put the needed checks that will bring lasting development to the people.

    He said the conference with theme: Global stability, revenue generation and economic growth would serve as a unique opportunity for participants to interact with tax administrators and policy makers who will attend from the continent and globally.

    The CITN boss said sub-themes are – The imperatives of service delivery in governance; fraud, corruption and taxation; Transfer pricing and thin capitalisation, among others.

    He said the theme of this year’s conference was informed by contemporary realities of this era where economies of many countries are passing through turbulence that could be addressed with efficient tax system.

    “The conference has been packaged to be a yet another rewarding experience for all participants, and will feature tax experts and policy makers that will enrich the knowledge of participants on tax matters,” Jegede said.

    He regretted that tax policies applied in most countries have failed to achieve their objectives, thereby denying the people the potentials and advantages accruable from good fiscal policy reform.

     

  • NULGE partners MOAN in battle against multiple taxation

    The National Union of Local Government Employees (NULGE) has appointed the Mobile Advert Agency of Nigeria (MOAN) as partner in its attempt to curb multiplicity of taxes.

    This is sequel to the directive from The Presidency through the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to the NULGE President, Comrade Ibrahim Khaled, to take concrete steps to address the incidence of multiplicity of taxes as well as the harassment and molestation of motorists in all the local government areas across the country.

    In view of this, NULGE said it had approved a proposal to partner with MOAN, whose principal objective is to streamline tax collection and eradicate the menace of multiplicity of taxes, to form and coordinate a National Task Force Against Multiple Taxation/Levies.