The Chartered Institute of Taxation of Nigeria (CITN) has emphasized the critical need for legal practitioners to expand their knowledge base beyond legal principles and delve into the intricacies of taxation. Recognizing that effective tax practice demands a comprehensive understanding of financial principles, tax computation, and policy application, CITN has taken the initiative to bridge this knowledge gap through a specialized training program. The Legal Practitioners Conversion Training Programme aims to equip lawyers with the technical expertise necessary to navigate the complexities of Nigeria’s ever-evolving tax system. This move underscores the growing significance of taxation as a specialized field requiring more than just a legal perspective.
The three-day intensive training program, scheduled for March 18-20, 2025, is meticulously designed to cover a broad spectrum of tax-related topics. Key areas of focus include transfer pricing, a complex area involving transactions between related entities; taxation law, encompassing the legal framework governing tax administration; applied taxation, dealing with the practical application of tax principles in real-world scenarios; and tax audits, which involve the examination of taxpayers’ records to ensure compliance. This comprehensive curriculum ensures participants gain a holistic understanding of the multifaceted nature of tax practice.
The program’s overarching goal is not merely to impart knowledge but to elevate the overall quality of tax practice in Nigeria. By equipping lawyers with the necessary technical skills, CITN aims to ensure that only qualified and competent professionals operate within the Nigerian tax system. This focus on professionalism is crucial for maintaining the integrity and efficiency of the tax system and fostering public trust. The program also serves as a pathway to membership in CITN, providing participants with access to a professional network dedicated to promoting tax excellence in Nigeria. This integration into a community of tax experts further strengthens the professional development of the participants.
CITN President Samuel Agbeluyi, speaking at the program’s opening ceremony, stressed the importance of continuous professional development in the dynamic field of taxation. He encouraged participants to fully utilize the training opportunities offered by CITN, highlighting their value not just for individual career advancement but also for contributing to the overall improvement of tax practice in the country. Agbeluyi commended the CITN Tax Academy for its commitment to upholding professional standards and urged attendees to actively engage in the program for a truly enriching experience. This emphasis on active participation underscores the institute’s commitment to fostering a vibrant learning environment.
The program represents a crucial bridge for legal professionals transitioning into the specialized field of tax practice, as highlighted by Yetunde Suleiman, Deputy Director of CITN’s Tax Academy. She emphasized the rigorous nature of the program, acknowledging the participants’ dedication and commitment to pursuing this specialized training. Suleiman reiterated the program’s aim to provide participants with the most up-to-date knowledge of Nigeria’s tax system, equipping them to confidently navigate its complexities. With over 1,500 professionals having successfully transitioned through the academy, the program has a proven track record of effectively preparing legal practitioners for a career in taxation. Suleiman encouraged active participation and open communication, assuring attendees of a productive and rewarding learning experience.
The initiative by CITN to provide specialized tax training to legal practitioners reflects the increasing complexity and specialization within the field of taxation. It underscores the recognition that effective tax practice necessitates a skill set that extends beyond traditional legal expertise. By equipping lawyers with a deep understanding of financial principles, tax computations, and policy applications, CITN is not only enhancing the professional development of individual practitioners but also contributing significantly to the overall advancement of tax practice in Nigeria. This commitment to fostering expertise and professionalism ultimately benefits the entire tax system and the Nigerian economy as a whole.
