Nigerians lament as FIRS introduce 6% stamp duty on tenancy

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We’re still battling electricity tariff increment, high forex, stamp duty charges on every credit alert, vat increment, stamp duty on properties,ground rent etc.
Now,FIRS has introduced 6% stamp duty on tenancy, to be paid with your rent to your landlord who in turn remits to Government.

In a country where 70% of the youths are jobless,  no electricity, running water, ill-equipped security with many illegal extortion from security personnel.

And if u ask them what they do with Tax payers money, they’ll be fainting
It’s like these guys don’t understand what over 150m Nigerians face daily.

THEY JUST WANT TAX

It’s worse if you’re a business owner, Ease of doing business is crazly bad, Personal Income Tax,Firs, State tax,LG tax,Stamp Duty,HOUSE Rent charge,VAT etc.
All these on one income o.

Read Also >> Electricity Workers Give 14-Day Ultimatum to Resume Strike

The middle class we have will soon be eliminated & what will remain will be Rich or poor

Ok, Let me break the 6% FIRS tax down.
If u’re moving into a new apartment & your rent is 500k p.a, u’re to pay the following as total package:
Rent- 500k
Agency fee, 10%- 50k
Legal, 10% – 50k
Caution fee, 10% – 50k
FIRS Stamp duty, 6% – 30k
Total= 680k.

N.B the % can be more o

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