Chief. Yahaya. O. Olajide (fca,fcti)
Managing Partner
(Charters Accountants, Tax Practitioner)
HARMONISATION OF STAMP DUTIES RATES AND ITEMS
INSTRUMENTS CHARGEABLE BY THE FEDERAL INLAND
REVENUE SERVICE
S/N |
Type of Instrument |
Current Rate |
Reviewed Rate |
| 1. |
Bond forms, Cuarantor's forms, power of Attonery, Scholarship bond, Loan agreement sealed Agreement, partnership agreement Guarantee of Bank facilities, trust Deed, Memorandum, Articles of Association, Admission form in French, Artictles of clerkship, Trustee, fidelity bond, sealed Declaration, protect on Bill of Exchange Maturity claim, forms for insurance company. |
=N=50.00 for original and |
=N=500 for original Copy and N50 per Counterpart |
| |
Memorandum of Report, Deed of Appointment, Ordinary Receipts, protest of Will, Dividend Warrants, proxy Cards |
N20 for original counterpart |
|
| 2 |
Ordinary or open Agreement Underhand articles |
N20 for original copy and N20 for extra copy |
N500for original copy and N50 for extra. |
| 3 |
Legacy (movable property) |
N1.00 on every N100 |
|
| 4. |
Appointment of Trustee or of Attorney |
N50.00 |
N500 for original copy and N50 for extra copy. |
| 5. |
Affidavit-Affirmation statutory Declaration, Agreement (memo of Handwritten) (ordinary) |
N15 for original copy and N10 for extra copy |
N500 for original copy and N50 for extra copy. |
| 6. |
Agreeement (under seal) |
N500 for original copy and N20 for ectral copy |
N500 for original copy and N50 for extra copy. |
| 7. |
Appointment of Trustee or of Attorney |
N50.00 |
N500 for original copy and N50 for extra copy |
| 8. |
Warrants of goods, Bonds (under seal) Collateral Securities, Guarantor form of understanding |
N20.00 |
N500 |
| 9 |
Oath and ot6er affiliate bodies relating to above |
N15.00 |
N500 for original copy and N20 for extra copy |
| 10. |
Certificate of Occupuancy, Partnership |
N50.00 |
N500 for original copyand N50 for extra copy |
| 11. |
Gift (Land); Warrant of Attoney |
N50.00 |
N1000 for original copy and N50 for extra copy |
| 11a. |
Will |
N50.00 |
N1000 for original copy and N50 for extra copy |
| 12 |
Notaries Act |
N2.50 |
N500 for original copy for N50 for extra copy |
B ADVALOREM
|
|
Current Rate |
Reviewed Rate |
1. |
Insurance Policy/policies |
N2.50 on every N200 |
N3.00 on every N200 |
2. |
Share Capital and share capital |
N2.50 on every N200 |
N3.00 on every N200 |
3. |
Morthage or insurance and or Debentures indenture and their up stampings Equitable Mortgage (e.g. Deposit) |
N1.50 on every N200 |
N3.00 on every N200 |
4. |
Bill on sales |
N1.50 on every N200 |
N2.00 on every N200 |
5. |
Assignment from bank (amount written on top corner). Discharge from insurance Company); Indemnify or lease of Mortgage |
N1.50 on every N200 |
N2.00 on every N200 |
6. |
Contract relating toshares (usually on sheet); Loan Agreement from Insuarance Co. |
N0.75 on every N200 |
N2.00 on every N200 |
7. |
Surrender, Bill of Exchange |
N0.50 on every N200 |
N1.50 on every N200 |
8. |
Promissory notes of ordinary documents |
N0.25 on every N200 |
N2.00 on every N200 |
9. |
Lease agreement on plant and machinery |
N50 for original copy and N20 |
N3.00 on every N200 |
10. |
Goodwill Debenture: settlements |
N2.50 on every N200 |
N4.00 on every N200 |
11. |
Premium |
N1.50 on every N200 |
N3.00 on every N200 |
12. |
Contract Agreement |
N1.00 on every N200 |
N2.00 on every N200 |
13. |
Land Agreement |
N1.00 on every N200 |
N1.00 on every N200 |
14. |
Deed of Assignment |
N1,50 on every N200 |
N2.00 on every N200 |
15. |
Deed of Conveyance or Transfer on sale of property |
N1.00 on every N200 |
N2.00 on every N200 |
16. |
Lease agreement: sub-lease agreement |
N1.00 on every N200 |
N3.00 on every N100 |
17. |
Tenancy agreement or form |
N25.00 on every N100 |
N3.00 on every N100 |
18. |
Leasehold agreement or Rent agreement
(i) if the term is less than 1yr
. (ii) 17 yrs.
(iii) 7.21 yrs
. (iv) 21 yrs to 99 yrs |
N1.50 on every N100 x number of years |
N6.00 on every N100 x number of years |
19. |
Deed of Release |
N1.50 on every N200 |
N1.500 on every N200 |
20. |
Hire Purchase lending (money) |
N1.00 on every N200 |
N1.00 on every N200 |
21. |
Legacy (immovable property) |
N50 |
N1.50 on every N100 |
22. |
Policy Insurance certificate |
N2.50 on every N200 |
N3.00 on every N200 |
23. |
Promissory notes/i.o.u |
N1.00 on every N200 |
N2.00 on every N200 |
INSTRUMENT
1. |
Transfer of Shares (TCC required) |
Free |
Free |
2. |
Shipping Agreement |
Free |
Free |
3. |
Documents from Ministries and Parastatals |
Free |
Free |
HARMONISATION OF STAMP DUTIES RATES AND ITEMS
iNSTRUMENTS CHARGEABLE BY THESTATE INTERNAL
REVENUE SERVICE
(A) FLAT RATE CHARGE
S/N |
Type of Instrument |
Current Rate |
Reviewed Rate |
1. |
Affidiavit - Affirmation Statutory declaration of ownership of property etc. |
Original copy n1.0.00 extra copy N5.00 |
Originial copy per N20.00 |
2. |
Memorandum of Report, Deed of Appointment. Ordinary receipts, Protest of Will, Dividend Warrants, Proxy Cards |
N25.00 |
N500.00 |
3. |
Ordinary Receipts |
N5.00 |
N20 |
4. |
Certificate of Occupancy |
Original copy N50.00 |
Original copy N1,000 Counterpart |
5. |
Agreement (under seal) |
Original copy N50.00 |
Original copy N500.00 extra copy N50.00 |
6. |
Agreement (Memo of any Agreement) |
Original copy N50.00 extra copy N20.00 |
Original copy N500.00 extra copy N50.00 |
7. |
Oath and other affiliate bodies relating to above |
Original copy N50.00 extra copy N20.00 |
Original copy N500.00 extra copy N50.00 |
8. |
Bond (Ordinary) |
Original copy N50 extra copy N20.00 |
Original copy N1,000 extra copy N50.00 |
9. |
Gift (Land); gifts (Other than land) |
Original copy N50.00 extra copy N20.00 |
Original copy N1,000 extra copy N50.00 |
10. |
Colletera; security |
Original copy N50.00 extra |
Original copy N500.00 extra copy N50.00 |
11. |
Certificate (other than C of O) |
Original copy N50.00 extra |
Original copy N500.00 extra copy |
12. |
Legacy (movable property) |
Original copy N50.00 extra copy N20.00 |
Original copy N1,000 extra copy N50.00 |
13. |
Proxy forms or cards |
Original copy N50.00 extra copy N20.00 |
Original copy N200.00 extra copy N50.00 |
14. |
Partnership |
Original copy N50.00 extra copy N20.00 |
Original copy N1,000 extra copy N50.00 |
15. |
Bank Guarantee |
Original copy N50.00 extra copy N20.00 |
Original copy N1,000 extra copy N50.00 |
16. |
Appointment of Trustee or Attorney |
Original copy N50.00 |
Original copy N500.00 extra copy N50.00 |
17. |
Appointment of Commissioner |
Original copy N50.00 |
Original copy |
18. |
Warrants of Attorney of any kind |
Original copy N500.00 extra copy N50.00 |
Original copy N500.00 extra copy N50.00 |
19. |
Notice Act |
Original copy N50.00 extra copy N50.00 |
Original copy N500.00 extra copy N50.00 |
B ADVALOREM
S/N |
Type of Instrument |
Current Rate (1996) |
Reviewed RAte |
1. |
Current Agreement |
N1.00 on every N200 |
N2.00 on every N200 |
2. |
Land Agreement |
N1.00 on every N200 |
N3.00 on every N100 |
3. |
Lease Agreement (Sales) or Rent Agreement |
N5.00 on every N100 x no of yrs |
N6.00 on every N100 no of years |
4. |
Deed of Assignment,
Deed of Ratification,
Deed of Confirmation |
N1.00 on every N50.00 |
N1.50 on every N200 extra copy N50.00 |
5. |
Deed of Release, Hire purchase of surrender |
N1.00 on every N200 |
N1.50 on every N200 |
6. |
Legacy (Immovable) |
N1.00 on every N1.00 |
N1.50 on every N200 |
7. |
Promissory Note (IOU) |
N1.00 on every N200 |
N2.00 on every N200 |
(C) 2006
OLAJIDE AND ASSOCIATES
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