The Special Adviser to the Executive Chairman of the Lagos State Internal Revenue Service, LIRS, Mr Tokunbo Akande has clarified the misunderstanding about stamp duty as he maintained that it is a revenue stamp and not a postage stamp. Akande made this known while featuring as a guest on The Tax Talk programme on Channels Television recently. He said contrary to public opinion, stamp is not just for courier services as it is meant to certify the underlying transaction between two entities, whether they are corporate entities or individuals, thus,…
Read MoreLIRS CHIEF CLARIFIES STAMP DUTY, SAYS IT’S REVENUE STAMP, NOT POSTAGE STAMP
