By Echeburu Oby
The NIESV President ESV. Emma Wike issued a press release on 28th July 2020, at the NIESV Liaison office Lagos.
The New Tax Regime (Stamp Duty) by FIRS and the proposed Stamp duty on Valuation report were the most important issues discussed.
The president stated in clear terms during the presentation that the burden of increase duty tax across will no doubt deteriorate the purchasing power of populace and cause more poverty to the commonalities who are striving to make ends meet during the pandemic.
He restated that the stamp duty tax proposed on valuation reports is an irregularity considering the fact that a valuation report offers a financial guide only to would be investors and property owners and does not fall within the definition of property instrument to be subject for stamp duty or any tax for that matter.