Eligibility for Practising Licence:
A member shall be eligible for a licence to practise as a Chartered Tax Practitioner only if:
a. The member has for a continuous period of eighteen months (18) months (of which the period could be pre or/and post admission as an Associate) been engaged in tax practice;
b. Evidence of existence of corporate office and contact address (es).
c. Proof of full payment of subscription, practising licence and seal fees;
d. The member has acquired the required number of credit hours on Mandatory Professional Training Programme (MPTP) and other Institute’s activities;
e. Evidence of membership of District Society
f. Every member who has been issued a Practising Licence shall provide evidence of registration of a firm by the Corporate Affairs Commission (CAC) as “Chartered Tax Practitioner” before collecting a seal and purchasing a set of pre-numbered stamps from the Institute.
g. The seal and the signature of the licensed member shall be placed on all relevant documents submitted to any Tax Authority and opinion given to clients.
h. Any such license, seal or stamp however remains the property of the Institute and must be returned to it at anytime the holder ceases to be entitled thereto under the Institute’s regulations
i. A licensed member shall be described as Chartered Tax Practitioner; no other description shall be allowed.
Members of the Institute who are interested in tax practice can collect an application form from the Secretariat. Alternatively, they may download the form online. The following fees apply:
- Application Form: N10,000.00
- Processing Fee (including seal & licence): N70,000.00
- Annual Renewal Fees: N5,000.00
CLICK HERE TO VIEW PRACTISING LICENCE LIST
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