FIRS says stamp duties apply on written, printed or electronic documents and receipts including emails, SMS, instant messages (IM), documents on website or cloud-based platforms, POS receipts, and Automated Teller Machine (ATM) print-outs. pwc.smh.re/0SG5
Also, FIRS says tenancy agreement is liable to 6% stamp duty.
... and if you make any payment and receive an electronic acknowledgement then you are expected to self-declare the payment on the FIRS e-platform and pay the applicable stamp duty. #taxingtimes
Here is one of d examples given by FIRS
"ABZ Ltd’s chief accounting officer, after receiving a cash payment of N500k from Mr. XYZ on behalf of ABZ Ltd, composed a message which reads: ‘receipt of N500k is hereby acknowledged’ & sent same to Mr. XYZ via WhatsApp messenger...
"ABZ Ltd’s chief accounting officer, after receiving a cash payment of N500k from Mr. XYZ on behalf of ABZ Ltd, composed a message which reads: ‘receipt of N500k is hereby acknowledged’ & sent same to Mr. XYZ via WhatsApp messenger...
...In this case, the WhatsApp message acknowledging d receipt of N500,000 constitutes a receipt for which stamp duty is payable.
Mr XYZ is required to make a disclosure of the details of d transaction using FIRS e-stamp duty platform or to the relevant stamp duties Commissioner"
Mr XYZ is required to make a disclosure of the details of d transaction using FIRS e-stamp duty platform or to the relevant stamp duties Commissioner"
