Takeaway from Inauguration of Committee on Recovery of Stamp Duties

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Tuesday, June 30, 2020 / 10:15 PM / By Taiwo Oyedele via Twitter / Header Image Credit: Twitter; @channelstv

 

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1. Main focus is on recovery of stamp duties collected by institutions such as Money Deposit Banks, NIBSS, CAC, etc

2. Recovery will be from 2015 to 2019

3.  All agencies, companies and individuals are expected to fully comply from 2020

4. Potentially, individuals and companies may also be subject to the back-duty recovery exercise

5. FIRS unveiled its adhesive stamp to be used going forward

 

Public Notice Regarding the Inauguration of Inter-Ministerial Committee on the Recovery of Stamp Duties

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