The Central Bank of Nigeria had through a circular issued on January 15, 2016 directed banks to deduct N50 stamp duty on deposits made into current accounts with a value of N1,000 and above in order to boost the government’s revenue drive and in compliance with Stamp Duties Act, 2004. T...
which is not a duty but a simple method of paying the government for a service rendered. Stamp taxes, apparently originating in the Netherlands, were introduced into England in 1694 and extended to the American colonies in 1765. Colonial opposition to stamp taxes contributed to the hostility agai...
The Bank has further encouraged its customers to send a mail to contactcentre@accessbankplc.com should they have any further enquiries regarding the Stamp Duty charge. Vanguard Nigeria News INEC chair risks jail term for failing to go after electoral offenders, as SERAP files contempt suit ...