CAC boss seeks tax harmonisation

In from Ali Smart …
The Registrar-General of the Corporate Affairs Commission (CAC), Alhaji Bello Mahmud has called on the Chartered Institute of Taxation of Nigeria (CITN) to address the issue of double taxation in the country.
Alhaji Bello Mahmud stated this when the Registrar/Chief Executive of CITN, Mr. Adefisayo Awogbade and his team led by the Chairman, Annual Tax Conference Committee, Barr. Samuel Agbeluyi paid a courtesy visit to the Commission.
The Registrar-General stressed the need to harmonise tax to ensure that people do not suffer double taxation, adding that otherwise it would demoralise paying tax.
He stated that the Institute should work closely with the government to ensure proper public awareness on honest commitment on the part of government to utilise taxes for public good so as to enable the tax payers appreciate the benefits of tax payment, adding that this would contribute to tax payers appreciating the benefits of tax payment and motivate tax evaders to have change of perception.

Read also: FG runs to save SMEs, tackles multiple taxation

Mahmud commended the Institute for planning the conference ahead as such would give room for greater event.
Earlier in his speech, the Registrar of the Institute Mr. Adefisayo Awogbade said that the purpose of the visit was to reach out to stakeholders like the CAC to intimate them with its programmes particularly the Institute’s 2016 Annual Conference scheduled for May next year.
The CITN is the professional body empowered by law to regulate the tax profession in Nigeria. It is a training institute that trains and re-trains.

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