Rescind 6% stamp duty on tenancy agreement, NLC tells FG

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Rescind 6% stamp duty on tenancy agreement, NLC tells FG
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The Nigeria Labour Congress has opposed the six per cent stamp duty fee for every tenancy and leases agreement stipulated by theIt described the new tax as a financial burden on poor Nigerians at a ti

me they were facing socio-economic pressure arising from the COVID-19 pandemic.

It read, “The Nigeria Labour Congress rejects this new stamp duty policy on rents and leases as it would worsen the deplorable situation faced by Nigerian workers most of whom, unfortunately, are tenants. The union called on the Federal Government and the FIRS to rescind “this harsh fiscal measure as it is boldly insensitive to the material condition of Nigerians which has been compounded by the COVID-19 health insurgency.”

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