Functions of the Institute

To achieve its object, the Institute shall

(a)regulate the practice of taxation in the country;

(b)facilitate the exchange of information and ideas related to the practice of taxation;

(c) conduct and provide for the conduct of qualifying examinations for membership of the Institute and prescribe and approve courses of study for the examinations;

(d)evaluate and approve the curricula and certificates of other professional organizations considered by the Institute to be of equivalent status with the Institute;

(e) keep, maintain, and publish a register of chartered tax practitioners and tax practitioners;

(f) determine the standard of knowledge and skills to be attained by persons seeking to practise taxation in the country;

(g)strike off from the register of chartered tax practitioners and tax practitioners, the name of a member for stated misconduct, incompetence or for other justifiable reasons on the recommendations of the Disciplinary Committee;

(h)prescribe and maintain professional standards and educate members on the methods and practices necessary to maintain professional standards and also ensure that the professional standards are maintained by members of the Institute;

(i) organize continuous professional development courses for members of the Institute as a condition precedent for the renewal of the practising certificate of members of the Institute;

(j) establish and maintain a library on taxation and related subjects;

(k) encourage research in taxation and the practice of taxation generally to secure the well-being and advancement of the tax profession,

(l) encourage members to publish professional and research materials on taxation and related subjects; and

(m) perform any other functions that are ancillary to the object of the Institute.