NLC seeks FG’s reversal of 6% stamp duty for landlords

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NLC seeks FG’s reversal of 6% stamp duty for landlords
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The Nigeria Labour Congress has opposed the six per cent stamp duty fee for every tenancy and lease agreement stipulated by the Federal Inland Revenue Service.

It described the new tax as a financial burden on poor Nigerians at a time they were facing socioeconomic pressure arising from the COVID-19 pandemic.

“It is also alarming that we are having a rash of hike in taxes and user access fees when other countries are offering palliatives to their citizens.” He noted, “It would be illogical, insensitive and inhumane to churn out laws that make our poor go to bed at night with tears in their eyes.

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