By Elizabeth Osayande

The Chartered Institute of Taxation of Nigeria, CITN, has formally partnered with Corvendra Ltd to launch a cutting-edge artificial intelligence-powered tax compliance platform, known as TaxPadi. The partnership was solidified with a Memorandum of Understanding, MoU, signed on Wednesday, April 29, in Abuja, signifying a proactive step towards harnessing technology to enhance tax efficiency and compliance nationwide.

Recall that the Nigerian tax framework has been marred by reliance on manual methods, fragmented compliance regulations, and minimal digital integration—especially problematic for small and medium-sized enterprises. TaxPadi aims to address these issues by offering a streamlined solution that enhances accessibility to tax services.

This collaboration highlights CITN’s dedication to modernising Nigeria’s tax landscape by leveraging technological innovation alongside professional guidance. The TaxPadi platform aims to automate and simplify tax computation, filing, and advisory services, thereby ensuring adherence to Nigeria’s tax regulations while addressing persistent challenges within the current system.

During the signing ceremony, Dr Fisayo Caleb Sangogboye, CEO of Corvendra, described the partnership as a pivotal intervention in the quest for a more efficient and intelligent tax system. He emphasised the platform’s potential to enhance accuracy, speed, and transparency in tax practice, marking a significant leap toward a tech-enabled future for tax compliance.

In response, CITN President, Mr Innocent Chinyere Ohagwa, reaffirmed the Institute’s commitment to innovation and professional excellence. He underscored that this partnership is in alignment with CITN’s foundational mandate to enhance tax practices and uphold high professional standards.

Ohagwa noted that: “The collaboration will zero in on three critical areas: the deployment of the TaxPadi platform within the tax profession, capacity building and training for tax practitioners, and the promotion of digital compliance through data-driven tax advisory services.”

With increasing demands on governments to bolster revenue mobilisation and enhance compliance rates, this suite of services aims to foster greater voluntary tax compliance and eliminate systemic inefficiencies.