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GC Posted On: Jul 01, 2020

The Federal Government is looking generate an annual revenue of N1tn from the collection of stamp duties.
It disclosed this on Tuesday at the inauguration of the Inter-Ministerial Committee on Audit and Recovery of Back Years Stamp Duties in Abuja.

It said the committee was part of moves to recover a backlog of unremitted revenues accruing to it through stamp duty tax in the last five years.

The Secretary to the Government of the Federation, Boss Mustapha, who represented the President, Major General Muhammadu Buhari (retd.), noted that there was assurance that the collection from stamp duties would be second to oil revenue.

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