Nigerians are now experiencing multiple taxation from various  of government agencies lately as The Federal Inland Revenue Service (FIRS) announces that stamp duty will be paid on house rent and Certificate of Occupancy (C of O) as part of measures to reduce disputes in real estate related transactions and generate more revenue, e-nigeria! can now report

This was disclosed in a press statement issued by the FIRS Director for Communication and Liaison Department, Mr. Abdullahi Ahmad, in Abuja on Thursday.

He explained that the new policy was necessary so as to give the instruments the legal backing required and make them legally binding on all parties involved in such transactions.

Mr. Ahmad asked Nigerians to ensure that documents that relate to rent and lease agreements for homes or offices, C of O, and other common business-related transaction instruments were authenticated with the new FIRS Adhesive Stamp Duty. READ MORE: https://www.e-nigeriang.com/nigerians-to-now-pay-stamp-duty-on-house-rent-c-of-o/