Landlords, Property Agents Charge 6% Stamp Duty From Tenants- FIRS Directs

FIRS
FIRS

Landlords and property agents in the country are directed to charge six per cent stamp duty on all tenancy and lease agreements.

The Director, Communications and Liaison Department Abdullahi Ahmad of Federal Inland Revenue Service (FIRS) who gave the directive in a statement on Wednesday directed them to remit such collections to FIRS “so that they do not run foul of the Stamp Duty Act.”