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NIPOST replaces FIRS as stamp duty collector

firs-nipost

The Nigerian government has replaced the Federal Inland Revenue Service (FIRS) with the Nigeria Postal Service (NIPOST) as stamp duty collector.

Dr. Isa Pantami, the Minister of Communications and Digital Economy, disclosed this at the launch of Nigeria’s 60th Independence Anniversary Commemorative Postage Stamps held at the Digital Economy Complex, Mbora, Abuja.

“Our efforts regarding the issue of stamp duty collection with other government Institutions have yielded positive results,” Pantami said.

“NIPOST has been recognised as a government agency with statutory and historical authority to be the producer of stamps and recognised for collection of stamp duties for validation of financial transactions in the country.”

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The two government agencies had been engaged at loggerheads over whose responsibility it is to collect the Stamp Duty charge for the government.

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