Stamp Duty Archives - National Wire

FG Reviews Stamp Duty, Raises Threshold To N10,000

November 28, 2019 0

The Federal Government has reviewed the N50 stamp duty charges on electronic payments in the country after receiving backlash from Nigerians and industry stakeholders.

Reps Approve Stamp Duty Collection On Electronic Transfers

January 2, 2018 0

The House of Representatives has passed a new Stamp Duty Bill, which seeks to amend and repeal the 2004 Stamp Duty Act. With the passage of the bill, the lawmakers have endorsed the controversial deduction of N50 from deposits into accounts with Deposit Money Banks across the country using electronic platforms. The new bill also raised the bar for the …