ICAN can't regulate Nigerian tax profession, says court

Abstract

The Chartered Institute of Taxation of Nigeria (CITN) has won a lengthy dispute against the Institute of Chartered Accountants of Nigeria (ICAN) over which body should regulate the taxation profession in the country. The Lagos High Court has ruled that the country's taxation profession is separate and distinct from accountancy and that the CITN should be the only body recognized by law to regulate the taxation profession. The court also ruled that ICAN members who are not members of the CITN should not practise, represent or hold themselves out as tax administrators or practitioners.