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    Kaduna Cracks Down on Illegal Mining, Promotes Legal Operations

    Kaduna Cracks Down on Illegal Mining, Promotes Legal Operations

    Forensic laboratory

    Justice Network advocates for forensic laboratories to expedite rape examinations, prosecutions

    civilian joint task force

    Amid Countering Insurgency, Civilian JTF Dismisses Commandant Over Corruption Allegation

    knowledge production

    Nigerian Military Unveils Book for Security Solution

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    Nigerian Army Trains Troops To Counter-Insurgency

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    Nigeria Develops Drugs for Sickle Cell Disease, Hypertension

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    Despite receiving N20m for erosion control, contractor abandons project in Kaduna

    Despite receiving N20m for erosion control, contractor abandons project in Kaduna

    Security challenges

    Securities Synergies to Eradicate Insecurity in Nigeria

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    Groups Seek Justice, Penalty Against Killer Phone Snatchers

    lives and properties

    Crime: Police Warn Criminals, Assure Citizens’ Safety

    Zangon Kataf

    10 Corpses Recovered As Government Imposes 24-Hour Curfew in Kaduna

    road accidents

    Citizens Demand Repair of Nigeria’s Damaged Roads

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    dismissed soldiers

    Islamic Scholar: Killer Soldiers To Face Civil Prosecution After Dismiss 

    Special Report Terrorists' Kidnapping For Ransom Generates Billions As Insecurity Woes In Nigeria

    Special Report: Terrorists’ Kidnapping For Ransom Generates Billions As Insecurity Woes In Nigeria

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    Video: How Conflicts, Climate Change Fuel Food Crisis in the Middle East

    drug for sickle cell disease and hypertension

    Nigeria Develops Drugs for Sickle Cell Disease, Hypertension

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    Born Too Soon: WHO Queries Nations, Demands Action for Preterm Birth

    UNFPA urges Nigeria to recruit 70,000 midwives to tackle maternal, child deaths

    UNFPA urges Nigeria to recruit 70,000 midwives to tackle maternal, child deaths

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    Humanitarian: ICRC Supports Vulnerable Ukrainians

    Infographics: Kaduna’s PDP, APC, LP Party Candidates’ Plans for Education, Security

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NIPOST tackles FIRS over exclusive right to Stamp Duty collection

by Abubakar Ismail Kankara
June 1, 2020
in Business
0
NIPOST tackles FIRS over exclusive right to Stamp Duty collection
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The Nigerian Postal Service has again tackled the Federal Inland Revenue Service over the exclusive right to Stamp Duty collection.

The agencies have been feuding since 2019 over the exclusive right to Stamp Duty collection.

While the FIRS said the Finance Act 2019 conferred on it the exclusive right to collect stamp duty on behalf of the Federal Government, NIPOST countered this by saying the Act contains some “contradictions” which should be addressed by appropriate authorities.
Also insisting that the Office of the Accountant-General had issued a circular to them on the collection of both physical and electronic stamp duty of N50, the postal agency said in a statement on Sunday May 31 that its statutory powers confer on it the right to print, mint, produce, retail, and provide adhesive postage stamp for the use of Nigerians.

Daily Trust reported that NIPOST also averred that it is statutorily empowered to collect stamp duty and it would not give up its right on it.
This is however coming after the Minister of Finance, Budget and National Planning, Hajiya Zaynab Ahmed announced in December 2019, that FIRS will automatically become an agency to collect the Stamp Duty following the passage of the 2019 Finance Bill by the National Assembly which contains an amendment to Stamp Duty Act.

Abubakar Ismail Kankara

Abubakar Ismail Kankara

Abubakar Ismail Kankara is a journalist with a specialization in multi-media, reporting on health, climate change, in-depth conflicts, crime, and investigations into corruption, with an interest in solutions journalism.

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