In case you don’t know, the FIRS has the administration of Stamp Duties Acts in Nigeria. As a property owner or renter, you must know how this new development or change will affect you. This is the primary reason for this post. I’m sure it will help you to separate myths from facts on the matter.
What is Stamp Duty in Nigeria?
Stamp Duty is essentially the tax levied by the government of a country on written legal, commercial or financial documents used to legally record or validate certain transactions that took place within the country. The written documents are known as (or called) instruments.