Tenants in Nigeria to pay 6 percent stamp duty – FIRS

Tenants in Nigeria to pay 6 percent stamp duty – FIRS Landlords and property agents have been asked to charge six percent Stamp Duty on all tenancy and lease agreements by the Federal Inland Revenue Service (FIRS). Landlords and property agents were given the directive by the tax agency’s Director, Communications and Liaison Department Abdullahi Read More …

House Rent Agreement, CofO, Others Must Carry Stamp Duty, Says FIRS

The Federal Inland Revenue Service (FIRS) has alerted Nigerians and others resident in the country to make sure that documents pertaining to rent or lease agreements for their homes or offices, Certificate of Occupancy (CofO) as well as a list of other common business-related transaction instruments are subject to authentication with the new FIRS Adhesive Read More …

Nigerians will now pay stamp duty on ATM printouts, some WhatsApp messages, says FIRS

The Federal Inland Revenue Service (FIRS) says Nigerians will now pay stamp duties on WhatsApp messages, SMS, and messages via any electronic platform acknowledging receipt of funds. The revenue service also stated that stamp duties will be paid on “POS receipts, fiscalised device receipts, Automated Teller Machine (ATM) print-outs”. According to an information circular published by Read More …