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ORGANIZED LABOUR REJECTS 6% TENANTS’ STAMP DUTY FEE


The organized labour has rejected a recent order by the Federal Inland Revenue Service, FIRS, to property owners and their agents to charge 6 percent Stamp Duty on all tenancy and lease agreements entered into.

 

Trade Union Congress of Nigeria, TUC, in a statement, while aligning with Nigeria Labour Congress, NLC, which had earlier vowed to mobilise against the new policy, contended that it would worsen the poverty in the country.

 

TUC, in the statement by its President and Secretary-General, QUADRI OLALEYE, and MUSA-LAWAL, respectively, said the move was as another ploy to further impoverish Nigerians.

 

The Union therefore called on the Federal Government to immediately order the FIRS to stay action if it does not want to incur the wrath of workers and Nigerians.

 

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