FIRS still in charge of Stamp Duties Collection — Official

The Inland Revenue Service (FIRS) it still in charge of Stamp Duties collection in the country.

The FIRS Director, Communications and Liaison, Mr  Abdullahi  Ahmad, made this known in a statement in Abuja on Tuesday.

Ahmad urged the general public to dismiss news which claimed that the Finance Act 2020 had stripped the FIRS of Stamp Duty collection functions on behalf of the Government.

“The attention of FIRS has been drawn to false publications in some newspapers and electronic as well as social platforms misquoting a recent speech by the for Communications and Digital 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 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 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 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.

“The Honourable Minister for Communications and Digital , Dr. Isa Pantami, a patriot with unarguable passion for the rule of law and stability of the country.

“The FIRS remains the only agency permitted by law to collect Stamp Duties on behalf of the Government of Nigeria,” he said.

The of the Service urged all taxpayers to continue to pay their Stamp Duties charges to the FIRS nationwide. ()