Federal Inland Revenue service (FIRS) has directed landlords and property owners across the country, to start charging a six per cent stamp duty on all tenancy and lease agreements
They are to collect the stamp duty from their tenants, and pay them into the coffer on firs
Firs in a statement says the stamp duty is payable on the total value of rents or lease
According to firs, stamp duty with different percentage is also payable on other transactions
These, include the certificate of occupancy, gift of land, valuation of property, memorandum of understanding and legal mortgage
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