Lagos – The Chartered Institute of Taxation of Nigeria (CITN) on Thursday warned its 800 inductees not to get involved in tax administration malpractices.
The President of the CITN, Mrs Olatunji Somorin, gave the warning at the 34th induction ceremony of the institute in Lagos.
She said the institute would not fail to delist members found to be indulging in unethical practices.
Somorin noted that the CITN had an active investigative panel and disciplinary committee to punish erring members of the institute.
“My appeal, therefore, is that we should eschew all acts of unethical practices,” the News Agency of Nigeria (NAN) quotes her as saying.
She also pleaded with the inductees to support the Federal Government’s diversification drive through taxation service delivery.
“Prospective members and professional colleagues, there is no gainsay that taxation as come to stay in this country.
“This is even more so as the terrain is so vast such that it requires skilled hands to navigate.
“Our economy is valued at N81 trillion and tax contribution to the Gross Domestic Product (GDP) is seven per cent or N5.583 trillion as at 2013.
“With the current push to attain 20 per cent tax contribution to GDP, the tax revenue must hit N16.228 trillion.
“What this portends is the demand for a legion of best tax administrators and professionals to navigate tax laws,” she said.
The CITN was established in 1982 to build an institute that would be a citadel in taxation service delivery in the country. (NAN)