duties on payment receipt, proxy forms, guarantor forms, etc. Fixed Duties- duties that do not vary with consideration, e.g.A Commissioner of Stamp Duties adjudicates on the amount of duty payable on instrument (Adjudication is the process of determining the correct amount of duty payable on an instrument).FCT and States Internal Revenue Service(IRS) assess and collect duties on documents executed between persons or individuals.FIRS assesses and collects duties on documents executed between a company and an individual, group or body of individuals.It is administered by both FIRS, FCT and respective States Internal Revenue.It is administered on written documents only.It is governed by Stamp Duties Act, CAP S8, LFN 2004 (as amended).National Information Technology Development Levy (NITDL).Tax Circulars, Regulations and Public Notices.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |