House rent agreement, CofO, others must carry stamp duty, says FIRS

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The Federal Inland Revenue Service (FIRS) has alerted Nigerians and others resident in the country to make sure that documents pertaining..

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The Federal Inland Revenue Service has alerted Nigerians and others resident in the country to make sure that documents pertaining to rent or lease agreements for their homes or offices, Certificate of Occupancy as well as a list of other common business-related transaction instruments are subject to authentication with the new FIRS Adhesive Stamp duty.

The FIRS issued the alert on Thursday in a statement by Director, Communications and Liaison Department, FIRS, Abdullahi Ismaila Ahmad.The new FIRS Adhesive Stamp Duty which is available in all FIRS offices nationwide was launched in Abuja on Tuesday in Abuja at the official inauguration of the Inter-Ministerial Committee on Audit and Recovery of Back Years Stamp Duties.

“While ad-Valorem Instruments chargeable under the Stamp Duties Act are Deed of Assignment; Sales Agreement; Legal Mortgage or Debentures; Tenancy or Lease Agreements; Insurance Policies; Contract Agreements; Vending Agreement; Promissory Notes; Charter-Party; and Contract Notes.

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