Following open objection, the Federal Inland Revenue Service (FIRS) has explained that stamp duty that will be charged on rents and rents will just apply to new agreements and not renewals.

This implies you are not expected to pay stamp duty on lease in the event that you are simply reestablishing to keep living in a similar property.

In any case, on the off chance that you are moving houses, your new landowner maintains whatever authority is needed to force that additional charge on you since you've quite recently gone into another agreement.

"The FIRS stamp duty on lease or rent just applies to new agreements and not to renewals. In the event that another agreement is drawn up at reestablishment, that record ought to be stamped, much the same as introductory agreement," Abdullahi Ismaila Ahmad, who is executive of FIRS communications and contact department, cited Femi Oluwaniyi, organizing chief of the assessment tasks bunch at FIRS, as saying in an announcement.

"Assuming, be that as it may, the recharging terms are as of now in the underlying agreement with the end goal that no new record is arranged however only installment of the lease for reestablishment, then no stamping is required."

Executive Chairman of the FIRS, Muhammad Nami, says the organization is assembling a stamp duty palliative bundle for Nigerians.

Part of the palliative, he says, will incorporate the provision that specifies that stamp duty ought not be gathered financially past due from occupants.

"There is never when tax collection is helpful for everyone to pay," he stated, urging Nigerians to see charge installment "as an energetic duty to our dear nation, Nigeria."

"Stamp duty goes back to pilgrim times in Nigeria. It has been a type of duty in Nigeria as far back as 1939 when you and I were not yet conceived. It was systematized in our laws in 1953, that is before autonomy. It was combined in 2002, distributed in 2006 and further adjusted into the Stamp Duty Act 2004," Nami said on a TV Continental breakfast program.

"The joint assessment board (JTB) where states are spoken to think of it as important to bring the stamp duty act to the consideration of Nigerians following the ongoing dispatch of the between ecclesiastical council on review and recuperation of back years stamp obligations where the new FIRS cement stamp duty was divulged.

"As chairman of the JTB, the FIRS was commanded to illuminate Nigerians on stamp duty. That is the reason the FIRS distributed an explanation notice on the stamp duty and we will keep on instructing general society on it," he included.

Nami additionally guaranteed that stamp duty won't prompt an expansion in lease; as occupants are required to transmit the stamp duty on their lease to the closest bank or FIRS office.

"It isn't paid by the landowner. Proprietors are not our gathering operators. It is the obligation of the occupant to pay stamp duty and you don't need to offer it to your proprietor.

"As an inhabitant, ascertain 0.78 percent of your lease and pay that part at the FIRS office closer to you or at your bank.

"You should then fix the stamp duty imprimatur on the tenancy agreement before you sign it with your landowner. It is as straightforward as that."