FIRS plans stamp duty palliatives for tenants
Federal Inland Revenue Service is working on a stamp duty palliative package for tenants across the country to mitigate the impact of COVID-19.
Nami allayed the fear that stamp duty would lead to rent increase, saying: “stamp duty should not make any landlord to increase his or her rent because it is not paid by the landlord. Landlords are not our collecting agents.” The Executive Chairman stated that the FIRS was aware that many taxable Nigerians and businesses in the country were going through difficulties imposed on all by COVID-19, “hence the FIRS has consistently rolled out tax-related palliatives to relieve them of their tax liabilities since the pandemic shut down the Nigerian and global economy.”
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