The Federal Inland Revenue Service (FIRS) has said that as a result of it news tax law stamp duty will now be paid on house rent agreement and Certificate of Occupancy (C of O) or such documents would be invalid.
Abdullahi Ahmad, the FIRS Director, Communications and Liaison Department made this known in a statement in Abuja on Thursday.
Ahmad urged Nigerians and other residents to ensure that documents pertaining to rent or lease agreements for their homes or offices, C of O as well as a list of other common business-related transaction instruments were subject to authentication with the new FIRS Adhesive Stamp duty.
He said this was necessary in order to give the instruments the force of law and make them legally binding on all parties involved in such transactions.
