DEDUCTION OF 1% STAMP DUTY ON CONTRACT AGREEMENT

TO ALL CONTRACTORS:

Further to the Federal Treasury Circular Ref. No. TRY A1 & B1/2017 OAGF/CAD/026/v.III/.182 dated 20th April, 2017 on Non compliance with some provision of Stamp Duties Act CAP.S8 LFN 2004.

The Federal Government has directed that the sum of 1% Stamp Duty be charged on all Contract Agreement and remittance of same be made to the relevant tax authorities.

In light of the above and in compliance with Federal Government Circular; all Contractors and Suppliers would be charged 1% Stamp Duty payable with effect from January, 2020.

Thank you.

Signed:
Management.