Tenants, Lessees To Pay 6% Stamp Duty: Order From FIRS
July 23, 2020
7:15 am
The Federal Inland Revenue Service (FIRS) has asked landlords and property agents to charge six per cent Stamp Duty on all tenancy and lease agreements they enter into with all leases and remit same promptly to the Service.
Mr Abdullahi Ahmad, Director, Communications and Liaison Department of the service, made this known in Abuja on Wednesday.
Ahmad said doing so was necessary so that they would not run foul of the Stamp Duty Act.
He said the admonition came following the recent release and wide circulation of a stamp duty clarification guide by FIRS Executive Chairman, Mr Muhammad Nami.
He …
