The Federal Inland Revenue Service (FIRS) has issued a public notice reminding taxpayers of their obligation to comply with the provisions of Section 4 (1) of the Stamp Duties Act Cap S8 (as amended).
The revenue collecting agency also reminded the public that it is the only competent authority to impose, charge and collect duties upon instruments specified in the schedule to the Act, if such instruments relate to matters executed between between a company and an individual, group or body of individuals .
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