VERDICT: False. It is not true that the FIRS retains 40 percent of stamp duty collections. Checks revealed that FIRS takes 4 percent as cost of collection for non oil revenues. Read more:
: A twitter handle claimed in a recent tweet that revenue collecting agencies in Nigeria retain 40 per cent of the funds collected. The tweet was a reaction to the feud between the Nigerian Postal Services and the Federal Inland Revenue Service on the custody and collection of stamp duty. It implied that the agency collecting the stamp duty retains 40 percent of the collections.: False. It is not true that the FIRS retains 40 percent of stamp duty collections.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FIRS, NIPOST Tackle Each Other Over Stamp Duties CollectionICYMI: FIRS, NIPOST Tackle Each Other Over Stamp Duties Collection
Read more »
FIRS oppose NIPOST over stamp duty collection, threatens legal actionBoth FIRS and NIPOST have been at loggerheads over which of the Nigerian government’s agency is constitutionally backed to collect stamp duty taxes in the country. Nigeria FIRS NIPOST StamDuty
Read more »
Your stamp duties account illegal, FIRS attacks NIPOST
Read more »
FIRS, NIPOST battle over stamp duties chargeThe two government owned institutions are in war over the collection of stamp duties.
Read more »
NIPOST, FIRS war escalates over stamp duty collectionThe imbroglio between Nigeria Postal Service (NIPOST) and the Federal Inland Revenue Services (FIRS) over jurisdiction in respect of stamp...
Read more »
Stamp duty: NIPOST, FIRS in Twitter war - Daily Post NigeriaThe Nigerian Postal Service (NIPOST) and the Federal Inland Revenue Service (FIRS) are locked in a Twitter war. The exchange of words followed a
Read more »