Chartered Institute of Taxation of Nigeria
Encyclopedia
The Chartered Institute of Taxation of Nigeria (CITN) is a professional organization in Nigeria
whose members are certified as qualified tax practitioners or administrators.
Members of the institute may be Accounting, Legal or other professionals who have obtained the relevant tax expertise.
The institute provides training and conducts examinations to determine eligibility.
The CITN offers an Advanced Diploma in International Taxation to CITN members who work in international tax.
The CITN has been criticized for not providing enough training to members at subsidized rates.
-based Chartered Institute of Taxation.
CITN is also affiliated with the South African Institute of Tax Practitioners and the West African Union of Tax Institutes.
The CITN has a working relationship with the Association of National Accountants of Nigeria
(ANAN) to promote XBRL
recommendations and specifications in Nigeria.
The CITN is a member of the Financial Reporting Council of Nigeria
.
The CITN is also a member of the International Tax Directors Forum (ITDF) and the Association of African Tax Institutes
(AATI).
, former President of the CITN, was elected the first President of the West African Union of Tax Institutes
(WAUTI).
WAUTI is the umbrella body of tax Institutes in the region.
In May 2011 Sebastian Owuama, President of Institute of Chartered Accountants of Nigeria
, attended the annual tax conference of the CITN in Abuja
where he called for an end to the squabble between ICAN and the CITN.
In June 2011 Sunday Jegede, president of the CITN, was elected first President of the Association of African Tax Institutes
(AATI). The AATI will be formally inaugurated in South Africa in October 2011 during the Annual Tax Conference of the South Africa Institute of Taxation.
Nigeria
Nigeria , officially the Federal Republic of Nigeria, is a federal constitutional republic comprising 36 states and its Federal Capital Territory, Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in...
whose members are certified as qualified tax practitioners or administrators.
Organization
The CITN was formed in February 1982 and chartered by the Federal Government of Nigeria by the enabling Act No. 76 of 1992.Members of the institute may be Accounting, Legal or other professionals who have obtained the relevant tax expertise.
The institute provides training and conducts examinations to determine eligibility.
The CITN offers an Advanced Diploma in International Taxation to CITN members who work in international tax.
The CITN has been criticized for not providing enough training to members at subsidized rates.
Affiliations
The CITN cooperates with the United KingdomUnited Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
-based Chartered Institute of Taxation.
CITN is also affiliated with the South African Institute of Tax Practitioners and the West African Union of Tax Institutes.
The CITN has a working relationship with the Association of National Accountants of Nigeria
Association of National Accountants of Nigeria
The Association of National Accountants of Nigeria is one of the two professional accountancy associations with regulatory authority in Nigeria, the other being the Institute of Chartered Accountants of Nigeria ....
(ANAN) to promote XBRL
XBRL
XBRL is a freely available, market-driven, open, and global standard for exchanging business information. XBRL allows information modeling and the expression of semantic meaning commonly required in business reporting. XBRL is XML-based...
recommendations and specifications in Nigeria.
The CITN is a member of the Financial Reporting Council of Nigeria
Financial Reporting Council of Nigeria
The Financial Reporting Council of Nigeria , formerly the Nigerian Accounting Standards Board , is an organization charged with setting accounting standards in Nigeria.-Nigerian Accounting Standards Board:...
.
The CITN is also a member of the International Tax Directors Forum (ITDF) and the Association of African Tax Institutes
Association of African Tax Institutes
The Association of African Tax Institutes is an industry association whose aim is, among other things, to provide a platform of collaboration between tax professionals in Africa and to help bridge the divide between tax professionals in the countries of member bodies, their governments and...
(AATI).
In the news
In March 2011 Prince Rasaq Adekunle QuadriRasaq Adekunle Quadri
Prince Rasaq Adekunle Quadri is a Nigerian accountant who was President of the Chartered Institute of Taxation of Nigeria from 2009 to 2011, and was elected the first President of the West African Union of Tax Institutes in March 2011....
, former President of the CITN, was elected the first President of the West African Union of Tax Institutes
West African Union of Tax Institutes
The West African Union of Tax Institutes is an association formed by the Chartered Institute of Taxation of Nigeria and the Chartered Institute of Taxation of Ghana with the objective of developing and promoting the taxation profession in West Africa.A nationally recognized taxation institute or...
(WAUTI).
WAUTI is the umbrella body of tax Institutes in the region.
In May 2011 Sebastian Owuama, President of Institute of Chartered Accountants of Nigeria
Institute of Chartered Accountants of Nigeria
The Institute of Chartered Accountants of Nigeria is a professional accountancy body in Nigeria.It is one of the two professional accountancy associations with regulatory authority in Nigeria, the other being the Association of National Accountants of Nigeria .The relationship between the two...
, attended the annual tax conference of the CITN in Abuja
Abuja
Abuja is the capital city of Nigeria. It is located in the centre of Nigeria, within the Federal Capital Territory . Abuja is a planned city, and was built mainly in the 1980s. It officially became Nigeria's capital on 12 December 1991, replacing Lagos...
where he called for an end to the squabble between ICAN and the CITN.
In June 2011 Sunday Jegede, president of the CITN, was elected first President of the Association of African Tax Institutes
Association of African Tax Institutes
The Association of African Tax Institutes is an industry association whose aim is, among other things, to provide a platform of collaboration between tax professionals in Africa and to help bridge the divide between tax professionals in the countries of member bodies, their governments and...
(AATI). The AATI will be formally inaugurated in South Africa in October 2011 during the Annual Tax Conference of the South Africa Institute of Taxation.