2016-01-19 | BPS/DIR/GEN/DCS/02/008

Collection and Remittance of Statutory Charges on Receipts to Nigeria Postal Service under the Stamp Duties Act

The Central Bank of Nigeria (CBN) is instructing all deposit money banks (DMBs) and financial institutions to begin charging N50 per eligible transaction in accordance with the Stamp Duties Act and Federal Government Financial Regulations 2009. The CBN also outlines specific receipts that are exempted from stamp duties and provides instructions on how the collected charges should be remitted to the Nigeria Postal Service (NIPOST) through designated accounts.

Nigeria

Central Bank of Nigeria

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