The Chartered Institute of Taxation of Nigeria has expressed its concern over the high level of tax evasion in Nigeria, especially among the wealthy class.
The President of the institute, Samuel Agbeluyi, said that while fielding questions from newsmen during the 2024 Council Retreat with the theme ‘Making CITN the Professional Institute of Choice: Strategies and Options’ held in Uyo, Akwa Ibom State on Thursday.
He said that the institute was looking at bringing such categories of people into the tax net, to give back to the society that had contributed to their success.
He explained that though CITN as an institute was working with the government to formulate policies and strategies required to generate more revenue, it was conscious not to increase the rate and bring in new taxes that would become a burden to taxpayers in the country.
“Nigeria is going through a difficult and turbulent experience and we must all come together. Taxation is within the fiscal policy realm and as an institute we keep advising the government as to the policies, and strategies required to generate more revenue.
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