The Chartered Institute of Taxation of Nigeria (CITN), has said the non-remittance of taxes by some Federal Government agencies is frustrating efforts in enforcing compliance from individuals and corporate organisations. CITN, which argued that the development is worrisome, accused such agencies of not showing good example in compliance processes. The Institute is particularly worried about the revelation in an audit report by the Auditor-General for the Federation, submitted to the National Assembly in 2018. He, however, said increased earnings from oil, and the impact of various reforms in tax administration, including the tax amnesty programme resulted in a narrowed fiscal deficit. Ede said sustained engagement with the relevant government institutions towards giving greater value to CITN’s certificate, stamp and seal is also yielding results.

Source: The Guardian June 14, 2019 03:30 UTC