The "6%" Stamp Duty on Rent in Nigeria
Quote from Ndubuisi Ekekwe on July 25, 2020, 12:08 PMThe 6% stamp duty on rent while technically correct does not affect the common man. So, I deleted my post on it. Yes, there is a 6% but I am not here to help Dangote, Kalu, Ovia, Otedola - and to my knowledge they are not complaining. So, I do not care if the government wants to impose it. For the common man, the impact is minimal at 0.78%. Sure, that is not good but we all agree that 0.78% is not 6%.
The 6% stamp duty on rent while technically correct does not affect the common man. So, I deleted my post on it. Yes, there is a 6% but I am not here to help Dangote, Kalu, Ovia, Otedola - and to my knowledge they are not complaining. So, I do not care if the government wants to impose it. For the common man, the impact is minimal at 0.78%. Sure, that is not good but we all agree that 0.78% is not 6%.
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