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Home BUSINESS / ENTREPRENEURSHIP

Anambra Internal Revenue Board Threatens Business Owners On Stamp Duty

Onyeka by Onyeka
January 15, 2023
in BUSINESS / ENTREPRENEURSHIP
Anambra Internal Revenue Board Threatens Business Owners On Stamp Duty
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The Anambra Internal Revenue Service (AiRS) has warned that business concerns which fail to remit N50 stamp duty charges from their businesses will be prosecuted, ANAMBRAPEOPLE reports.

The (AiRS) in a statement signed by Mrs. Sylvia Tochukwu Ngige who is Head, Taxpayer Education and Enlightenment also advised those business concerns which had not collected the stamp duty tickets to do so immediately.

Ngige explained that the stamp duty is charged for every purchase above N1000 paid through any digital process. Duties on such transaction should be remitted to Anambra State Government.

The Service warned those who have already collected the duty to remit such to Government before February 1, 2023 when enforcement for non-compliance will commence.

Business concerns covered by the order include: supermarkets, restaurants and schools. Others are: hospitals, parks and every other organisation.

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