The FIRS Director, Communications and Liaison, Mr Abdullahi Ahmad, made this known in a statement in Abuja on Tuesday.
“The attention of FIRS has been drawn to false publications in some newspapers and electronic as well as social media platforms misquoting a recent speech by the Minister for Communications and Digital Economy on the administration of Stamp Duties in the country.
“For the avoidance of confusion arising from such publications, the FIRS hereby informs the general public, especially taxpayers, that the Minister was misquoted as saying that the administration of Stamp Duty was granted to NIPOST by the Finance Act 2020.
“The speech attributed to the Honourable Minister was definitely, and unfortunately, quoted out of context.
“For the record, the Honourable Minister merely stated that NIPOST would henceforth produce the ADHESIVE STAMPS required by FIRS to denote Stamp Duties.
“This position is in line with Section 2 of the Stamp Duties Act (as amended by Section 46 of the Finance Act 2020).
“The FIRS, therefore, urges taxpayers, tax practitioners and the general public to ignore this unfortunate attempt to cause confusion by twisting the Honourable Minister’s speech.