Tuesday, 13 September 2016

The Chartered Institute of Taxation of Nigeria (CITN) - CITN, Nigeria


CHARTERED INSTITUTE OF TAXATION OF NIGERIA - CITN
The Chartered Institute of Taxation of Nigeria (CITN) started on February 4, 1982 as Association of Tax Administrators and Practitioners. Thereafter, it transformed into Nigeria Institute of Taxation, which was formally launched on February 21, 1982 and statutorily recognized on May 6, 1987 as a company Limited by Guarantee.

The Institute was chartered by the Federal Government of Nigeria by the enabling Act No. 76 of 1992 (now CITN Act, CAP C10, Vol. 2, Laws of the Federation of Nigeria, 2004) and was charged with the responsibility, among others, of determining what standards of knowledge and skills are to be attained by persons seeking to become professional Tax Practitioners or Administrators.

The aims and objectives of the Institute as laid down in its charter (Decree 76 of 1992) among others include:
-           To determine what standards of knowledge and skills are to be attained by persons seeking to become registered members of the taxation profession.
-           To raise, maintain and regulate the standard of taxation practice amongst its members.
-           To promote professional ethics and efficiency in tax administration and practice.
-           To encourage, promote and co-ordinate research for the advancement of taxation practice and administration in Nigeria.

Under the Act, the Institute is the only professional body which has the authority to regulate Tax Practice and Administration in Nigeria and only its members can practice Taxation. The Act sets out the rules as regards membership, composition and officers of Council, etc. and copies are available for sale at the Secretariat of the Institute.

VISION
To be one of the foremost professional associations in Africa and beyond

MISSION
To build an Institute which will be a citadel for the advancement of taxation in all its ramifications

MEMBERSHIP
The Chartered Institute of Taxation (CITN) has two main classes of membership at the moment. These are Fellows and Associates.

FELLOWS
Associates who wish to advance to fellowship may do so by submitting an application and then satisfying the council that his/her work has been closely connected with and of direct relevance to Nigeria Taxation for an unbroken period of at least five (5) years prior to such application as fellow. In the alternative, a total qualifying period of at least five (5) years prior to such application may be considered if it falls within a period not exceeding ten (10) years immediately prior to such application for admission as a fellow.

ASSOCIATE MEMBERS
In accordance with the Charter and Rules and Regulations of the Institute, a person is admitted as an associate member on application, if he/she is a graduate member of the Institute and has acquired the relevant tax experience or has completed any of the recognized examinations of the Institute. Members of other professional bodies are admitted after they have served a specific period either in tax practice and administration.

DESIGNATORY LETTERS
Every member of the Institute having been admitted at appropriate level is entitled to use the following designatory letters after his/her name.

ACTI – This designation represents Associate Member of the Chartered Institute of Taxation of Nigeria.

FCTI – This designation represents Fellow of the Chartered Institute of Taxation of Nigeria.

MEMBERSHIP, FEES AND SUBSCRIPTION
Admission fees and annual subscription are payable by each member in accordance with the Rules and Registrations.

ENTRY REGULATION AND REGISTRATION
I. REGISTRATION PROCEDURE:
Application for admission to student membership must be made on the prescribed form. This requires an undertaking on the part of the applicant to abide by the rules laid down by the council from time to time. Every applicant shall produce satisfactory evidence of age; with photocopies of his/her educational certificates. The Council reserves the right to grant or refuse any application or to terminate the registration of a candidate. A successful applicant shall be required to pay the prescribed annual subscription fee for the year; upon which he shall be allocated a student number. This number must be quoted in full in all communications with the Institute.

II. CONDITIONS TO BE SATISFIED
Every prospective candidate for admission to student membership must satisfy the Council that:
·         He is not below the age of 18
·         He possesses the basic minimum educational qualification as set by Council.
·         He is a fit and proper person to be registered.

Any student failing to comply with the above regulations may be liable for such penalties as the Institute may decide.

III. ELIGIBILITY TO REGISTER AS STUDENT MEMBER
An applicant shall be eligible to register as a student if he/she possesses a minimum of first degree, Higher National Diploma or its equivalent. Such person would obtain the Institute's Student Membership form/Reg. fee N1,500.00, Syllabus with the sum of N1,500.00. On submission, an applicant is to pay N4,500 processing fee, N2,500 Building fund and Annual Subscription N1,500.00.

Note: All forms for application have to be filled online (www.citn.org/join_citn)
Note that fees are subject to change from time to time at the instance of the Institute

REGISTRATION PROCEDURE ONLINE
Prospective Professional students are required to apply online via the CITN website by clicking on “Become a Professional Student Member” from the “Join Now” menu of the website. Payment can be made online with your Mastercard, Visa, Verve, Interswitch, etransact cards.

Professional Students
Payments
Registration (inclusive of subscription)
N11,500.00
Annual Subscription (billed after a year after registration)
N1,500.00
Exams Form Fee
N1,000.00
Exam fee/paper
Foundation – N3,500
PT1 – N4,500
PT2 – N5,500
PT3 – N6,500
Non-refundable fee- N5,000
Exemption form fee
N 3,500.00
Exemption/paper
Foundation - N4,000
PT1- N 6,000
PT2- N 8,000

EXAMINATIONS
I. ELIGIBILITY TO REGISTER FOR THE EXAMINATION
Entry for the Institute’s Examinations is open to all registered student members of the Institute. A registered student member is however expected to have paid the regular annual subscription and entry fees in force at the date of entry.

II. EXAMINATION RESULTS AND CREDIT SYSTEM
The new credit system stipulates that a candidate sits for all the four papers at a particular level. The candidate must pass a minimum of one (1) paper out of the four papers. Candidate will be credited with the paper(s) previously passed. There will be opportunity to re-write the remaining papers at subsequent examinations subject to limited period. Candidate writing the Professional Examinations would have a maximum of eight (8) years to pass all levels of examinations within which candidate will be credited with earlier passed papers, but start afresh if unable to satisfy this condition within the specified period. Any candidate who passes one paper out of all the papers written should be credited with that paper subject to the provision that the candidate must apply to sit for all papers he/she would have been eligible to participate in the diet.

III. CONVERSION
Since a credit system is in operation with the new syllabus, candidates who are unable to complete the examinations before the take-off date of the new syllabus would only be credited with the relevant subjects/courses already passed in the old syllabus.

EXEMPTION
The Institute will consider applications for exemptions from holders of the following qualifications. However, only one certificate (academic or professional) could be used to seek for the Institute's exemption. (Exemption Form - N3,500) with the additional fees below:

Exemption /paper fee:          TTS1- N2500, TTS2- N3000, TTS3- N3500
FOUNDATION- N4000, PT1- N6000, PT2- N8000

S/N

QUALIFICATION
EXEMPTION (NEW)
EXEMPTION FEE (₦)
APPROVED RATES
1.

TTS Graduates (ATT)
All Foundation Papers, Quantitative  Techniques in PT 1
22,000
2.

ICAN (ACA)

All Foundation Papers, Quantitative
Techniques, Income Tax in PT 1
28,000
3.

ANAN(CNA)
All Foundation Papers
16,000
4.

ACIB (CIBN)
All Foundation Papers
16,000
5.

ACS
All Foundation Papers
16,000
6.

ACIS
All Foundation Papers, Quantitative  Techniques in PT 1
22,000
7.

MNIM

All Foundation Papers & Strategy, Risk & Ethics PT 2
24,000
8.

LLB, BL

General Principles of Law; Revenue
Law
10,000
9.

HND/BSc (Accounting)
All Foundation Papers
16,000
10.

HND/BSc
(Bus. Admin)
Accounting, Economics & General
Principles of Law
12,000
11.

HND/BSc Taxation
All Foundation & PE 1 Papers

22,000
12.

HND/BSc Maths/Statistics
Economics, Quantitative Techniques

10,000
13.

BSc Economics

Economics & General Principles of
Law, Quantitative Techniques
14,000
14.

BSc
Banking/Finance
Quantitative Techniques, Economics

10,000

PROFESSIONAL EXAMINATION COURSES

(1) Foundation
COURSES FROM NEW SYLLABUS
COURSES FROM OLD SYLLABUS
Principles of Taxation
Accounting
General Principles of Law
Economics
Accounting
Business Law
Managerial Economics
Management Information System

(2) Professional Taxation 1
COURSES FROM NEW SYLLABUS
COURSES FROM OLD SYLLABUS
Quantitative Techniques
Revenue Law
Income Taxation
Indirect Taxation
Revenue Law
Personal Taxation
Business Taxation
International Taxation

(3) Professional Taxation 2
COURSES FROM NEW SYLLABUS
COURSES FROM OLD SYLLABUS
Taxation of E-commerce
Strategy, Risk and Ethics
Tax Audit and Investigation
International Taxation
Tax Audit And Investigation
Oil, Gas And Other Minerals Taxation
Tax Practice and Business
Case study

(4) Professional Taxation 3
COURSES FROM NEW SYLLABUS
COURSES FROM OLD SYLLABUS
Oil, Gas Taxation
Solid Minerals Taxation
Tax Management
Practical Cases in Taxation


The Examinations take place twice every year in April and October.

Note:
·         All forms for application have to be filled online (www.citn.org/join_citn)
·         All other qualifications not listed above to write all courses from Foundation stage.

This information is by the order of the Council of The Chartered Institute of Taxation of Nigeria.

For further enquiries, please contact the Examinations and Students' Affairs Department of the Institute on studentaffairs@citn.org or Call Lizzy - 08023244395 and Motunrayo - 07075724372

For Further Details, Contact
Registrar/Chief Executive
The Chartered Institute of Taxation of Nigeria
Tax Professionals' House
Plot 16, Otunba Jobi Fele Way,
Central Business District, Alausa Ikeja
Lagos State, Nigeria
P.O Box 1087, Ebute-Metta, Lagos State, Nigeria

Tel: +234-1-7741273, +234-1-8936023
Website: www.citn.org
Email- citn@citn.org
Abuja Liaison Office
Plot 27 Abidjan Street,
Wuse Zone 3, Abuja
Nigeria

Tel: + 234 (09)-2918349

3 comments:

  1. Can a final year students sit for the exam and what level??

    ReplyDelete
  2. Can someone with ican certification obtain your institute certification without sitting for the exam

    ReplyDelete
  3. The best part about Digiliance is that they understand how local state laws work. No generic advice—everything is specific to p. tax in Andhra Pradesh, which gives us confidence in every filing.

    ReplyDelete