The Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN) has announced that the federal government will be assisting states in recovering the backlog of stamp duty from 15th January, 2016 to 29th June, 2020.
Speaking in a virtual meeting with states’ Attorney-Generals, the Chairman, Federal Inland Revenue (FIR) and members of the Joint Task Board, the AGF said the stamp duty recovery will help generate more revenue for the country.
Malami who appealed for the support and cooperation of the states’ Attorney-Generals and the Joint Tax Board on the proposed audit and recovery, stressed the importance of Paragraph 7, Item B of Part II of the Second Schedule to the Constitution and Section 4(2) of Stamp Duty Act, which empowers State Governments to collect stamp duties in respect of transactions between individuals residing in their respective States.
A statement released by Malami’s media aide, Umar Gwandu read;
“It may be…
Source: Linda Ikeji
