Browsing: stamp duty

The Executive Chairman, FIRS, Mohammad Mamman Nami, who gave this clarification in Abuja on Tuesday as part of his ongoing national public enlightenment campaign on the Stamp Duty Act, said tenants, not landlords, should pay the applicable stamp duty by themselves at any commercial bank of their choice and not to any landlord.

The CBN explained that the policy was part of efforts by the Federal Government to boost its revenue base in the non-oil sector.
The Corporate Affairs Manager of the Lagos Island Territory of NIPOST, Valerie Ekeogu, told the News Agency of Nigeria in Lagos that the stamp duty would give government extra income to build infrastructure