By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: FIRS Clarifies 6% Stamp Duty Charge on Tenancy And Lease Agreement
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | FIRS Clarifies 6% Stamp Duty Charge on Tenancy And Lease Agreement

News

FIRS Clarifies 6% Stamp Duty Charge on Tenancy And Lease Agreement

Tare Magbei
Tare Magbei
Published: June 13, 2025
Last updated: June 13, 2025
2 Min Read
Share
FIRS Clarifies 6% Stamp Duty Charge on Tenancy And Lease Agreement | Daily Report Nigeria
SHARE

The Federal Inland Revenue Service, FIRS has given clarifications on its decision to impose a stamp duty charge on tenancy and lease agreements.

Executive Chairman of the FIRS, Muhammad Nami made the clarifications while speeaking at a webinar organised by OTISVIP.

Trending Story: Akpabio Releases Names of Lawmakers, Number of Contracts Received

Nami explained that the six percent stamp duty charge on tenancy earlier announced will only apply to tenancy and lease agreements that are above 21 years.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

He emphasized that tenancy and lease agreements less than seven years would only carry a 0.78 percent stamp tax while agreements between seven and 21 years will carry a 3 percent charge.

Nami beckoned on Nigerians to simply accept the obvious fact that the country can not rely solely on crude revenue to fund the National budget, hence the necessity to embrace taxation as the new normal of national economic policy.

A statement released by Abdullahi Ismaila Ahmad, director of FIRS communications and liaison department partly read;

“While all panellists agreed on the need for taxation to complement government’s revenue flow from natural resources, a lively debate ensued on the timing of the stamp duty campaign and the public debate surrounding the application of tax revenue in the nation-building processes, especially in building public infrastructure.”

“The panellists stressed the need for prudent management of tax revenue even as they enjoined Nigerians to embrace the fact that the tax net needs to get wider to accommodate more citizens for holistic national development.”

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:FGFIRSNigerians
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

Rashford, Sancho, Antony, Garnacho, Malacia Tell Man Utd They're Leaving | Daily Report Nigeria
Rashford, Sancho, Antony, Garnacho, Malacia Tell Man Utd They’re Leaving
Sports
JUST IN : Ahmed Musa Named Kano Pillars’ New General Manager | Daily Report Nigeria
JUST IN : Ahmed Musa Named Kano Pillars’ New General Manager
Sports
Thomas Partey Charged with Multiple Counts of Rape and Sexual Assault | Daily Report Nigeria
Thomas Partey Charged with Multiple Counts of Rape and Sexual Assault
Sports
Senate
Court Finds Senator Natasha Guilty of Contempt, Fines Her N5m
Politics
RERO TV Marks 5th Anniversary with Grand Celebration in Sapele | Daily Report Nigeria
RERO TV Marks 5th Anniversary with Grand Celebration in Sapele
News

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

Three US Residents Indicted Over ‘Illegal Exportation of Arms To Nigeria’ | Daily Report Nigeria
News

Three US Residents Indicted Over ‘Illegal Exportation of Arms To Nigeria’

June 14, 2025
IPOB Renames Imo Government House After Slain ESN Commander | Daily Report Nigeria
News

IPOB Renames Imo Government House After Slain ESN Commander

June 15, 2025
Politicians Move to Mobilise Lawmakers Against CBN, Naira Redesign
News

CBN Approves Recirculation Of Old Naira Notes

June 13, 2025
Customs Bribes Bandits With Rice to Escape Attack in Katsina | Daily Report Nigeria
News

Customs Bribes Bandits With Rice to Escape Attack in Katsina

June 14, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?