CITN urges members to support tax reforms

The Chartered Institute of Taxation of Nigeria (CITN) finds itself at a pivotal moment, as the nation embarks on what is described as the "most far-reaching transformation in its modern history" for the tax system. Speaking at the 54th induction ceremony, CITN President Innocent Ohagwa articulated a clear message to the institute's members: the evolving tax landscape presents both immense opportunities and significant responsibilities.

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There is, perhaps, no better time to be a tax professional than now.

Ohagwa's assertion that "there is, perhaps, no better time to be a tax professional than now" underscores the increased demand for expertise. As individuals and businesses navigate the complexities of new tax laws, the role of certified tax agents, as formally recognized by the Nigeria Tax Administration Act, 2025, becomes indispensable. This legislative development not only solidifies the importance of professional bodies like CITN but also places a greater onus on practitioners to provide clarity and guidance amidst change.

The emphasis on "technical competence" as non-negotiable and "ethical conduct" as the bedrock of trust is a crucial reminder. In a system undergoing such profound reform, public confidence is paramount. The CITN's commitment to raising its standards reflects an understanding that professionalism and integrity are not merely desirable traits but essential components for the success of these reforms. As Yemi Sanni, Chairman of the Membership and Professional Conduct Committee, noted, these reforms "will not implement themselves," and tax professionals are central to their successful execution.

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We must all support these reforms, not just in words, but in practice. Guide your clients and employers with great competence and integrity.

From Nigeria's perspective, these reforms are vital for improving revenue mobilization and strengthening the fiscal system. The CITN's proactive stance in preparing its members for these changes demonstrates a commitment to national development. While international coverage might focus on the economic implications, for Nigerian professionals, this is about actively shaping the nation's financial future and ensuring that the tax system is robust, fair, and efficient. The institute's role in regulating practice and upholding standards is critical in building a tax system that supports sustainable economic growth.

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The reforms, desirable as they are, will not implement themselves. All stakeholders, and tax professionals in particular, have a critical role to play.