FIRS is set to impose a new directive as Nigerians will now be required to pay stamp duty on house rent agreements and Certificate of Occupancy.
The FIRS Spokesperson Abdullahi Ahmad made the disclosure in a statement in Abuja on Thursday, July 2nd, 2020.
Abdullahi advised Nigerians to ensure that documents pertaining to rent or lease agreements for their homes or offices are subjected to authentication with the new FIRS adhesive stamp duty.
Ahmad also stated other common business-related transaction instruments should also be subjected to stamp duty. He pointed out that the new FIRS adhesive stamp duty is necessary in order to give the instruments the force of law and make them legally binding on all parties involved in such transactions.
Abdullahi also disclosed that the new FIRS adhesive stamp duty was recently introduced by the government.
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