Being an ICAN member is no doubt a significant achievement. The journey to becoming certified by ICAN requires a combination of rigorous academic studies, practical training, and passing professional examinations. While holding the ICAN certification brings personal satisfaction and pride, there is no reason to limit your aspirations, especially if you want to have a successful career in Taxation. In this blog post, we will explore the easiest way to earn the CITN membership as an ICAN member in Nigeria.
This information is for you if:
- You are a chartered accountant with ICAN
- You have strong passion of exploring the taxation world in Nigeria
- You don’t want to start the CITN journey from the bottom
If this is you, keep reading to catch the juiciest details.
What is CITN?
The Chartered Institute of Taxation of Nigeria 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 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 a professional Tax Practitioner or Administrator.
What Does The ICAN-CITN Pathway Entails?
The CITN-CITN pathway allow ICAN members to build a successful career in Taxation. Through this pathway, ICAN members will become CITN members and gain the acronym ACTI.
This involves 2 routes:
- Exam Route
- Direct membership route
DIRECT MEMBERSHIP
As an ICAN member, you can choose to become a CITN member by going through the Direct membership route. For direct membership, ICAN members must have 1 year post-qualification experience
So you might be asking: “how much does the CITN direct membership costs for ICAN members?” We’ve got the answer for you:
The direct membership costs N400,000, including our professional fee.
EXAM ROUTE
Below is an estimate for the student route:
CITN Professional students Registration fee( inclusive of subscription and identity card): N12,000.
EXEMPTION FEES FOR CITN
** Foundation level
Exemption form fee – 4,000
Per Subiect Fees – 7,000 x 4 = 28,000
** Professional Taxation 1
Exemption form fee – 4,000
Per Subject Fees – 9,000 x 4 = 36,000
** Professional Taxation 2
Exemption form fee – 4,000
Per Subject Fees – 10,000 x 3 = 30,000
Total: 102,000
Exams fee for Professional Taxation 2:
Exams form fee: 1,000
Registration Fees (Non-Refundable): 12,000
Per subject Fees: 10,000
Study Material/ per subject fees: 1,500
GRAND TOTAL :142,500
**kindly note that the fees are subject to change
CONCLUSION
If you are looking into building a career in Taxation even though you’ve bagged the ICAN membership, this is a valuable gem for you. At ICAN Online Tutors (IOT Academy), we can help through the entire process to earn the CITN membership as an ICAN member in Nigeria. All you need to do is contact us on Whatsapp