CITN raises alarm over discrepancies in new tax laws
The Chartered Institute of Taxation of Nigeria (CITN) has expressed serious concern about alleged discrepancies between tax laws passed by the National Assembly and the versions eventually gazetted. The Institute, led by its 17th President Innocent Ohagwa, warned that such issues could undermine governance, legal certainty, and public trust. CITN called for a thorough probe into the matter and highlighted the importance of accuracy and transparency in tax legislation. The Institute affirmed its commitment to upholding professional standards and supporting sound public policy.
What we know
- CITN warned of risks posed by discrepancies between tax laws passed by the National Assembly and those gazetted.
- The Institute's position paper was signed by its President, Innocent Ohagwa.
- Allegations of alterations in the new tax reform laws have led to calls for a probe and the formation of a House of Representatives committee.
- CITN emphasised the need for immediate verification of the contested tax Acts and public clarification where discrepancies are found.
- The Institute recommended strengthened legislative processes and offered its technical expertise to support clarity and transparency in Nigeria’s tax system.
