FEDERAL Inland Revenue Service (FIRS) has asked landlords and property agents to charge six per cent stamp duty on all tenancy and lease agreements with all renters for onward remittance to the service. In a statement on Wednesday, FIRS said the burden of payment of the six per cent lies on the beneficiary of the tenancy or lease agreement, whom the Stamp Duty Act identified as the tenant or renter and the responsibility of collection and remittance falls on the landlord or agent in charge of the property for lease or rent. We had what we call end of tenure elections that are constitutionally circumscribed. Based on that, we decided that it was in the interest of the… Read Full StoryThe Inspector-General of Police, IGP M.A. Adamu, on Tuesday ordered the posting of the following commissioners of police to four states as follows… Read Full Story

Source: Nigerian Tribune July 23, 2020 03:22 UTC