Stamp Duty: FG to support states to recover backlog

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The Federal Government is ready to support the 36 states to recover the backlog of stamp duties and generate more revenue for the country.

The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN assured of the support in a statement issued by Dr Umar Gwandu, his Special Assistant on Media and Public Relations in Abuja on Tuesday.

Malami during the virtual meeting with the States Attorney-Generals and the Chairman, Federal Inland Revenue and the Members of the Joint Task Board called for the support and cooperation of the Attorney-Generals of the 36 states and the Joint Tax Board on the proposed audit and recovery of the backlog of stamp duties from Jan. 15, 2016 to June 30, 2020.

The Minister cited Section 111 of the Stamp Duty Act which states…

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