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Stamp duty: NIPOST tackles FIRS, moves for Finance Act amendment

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The Nigerian Postal Service has sent a request for an amendment to the Finance Act 2019 to the National Assembly as it seeks to be empowered to earn revenue from the collection of stamp duty.

It was gathered that the postal service was seeking the inclusion of adhesive postage stamp as part of the definition of stamp in the Act.

NIPOST and the FIRS had been embroiled in a dispute since 2019 over which agency should collect stamp duty on behalf of the Federal Government. The Finance Act 2019 contained an amendment to the Stamp Duty Act, which conferred on the FIRS the exclusive right to collect stamp duty on behalf of the Federal Government.

 

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The fact that it is call stamp duty doesn't make it have anything to do with the postal service. NIPOST should get real for once. I would have expected them to make effective use of their fallow offices here and there

That 50NGN go choke them.

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