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Senate: Walking the talk? | Tribune Online

Senate: Walking the talk? | Tribune Online
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Stamp Duty: FIRS, JTB pick holes in NIPOST bill

But JTB and FIRS said the provisions of the bill that gives NIPOST the power to denote, authenticate and validate instruments, as presently drafted, was a duplication of existing legislation particularly the section 4 and 5 of the Stamp Duties Act.
Speaking at a public hearing on the bill organised by the Senate Committee on Communications, the Secretary of JTB, Nana-Aisha Obomeghie, said the bill replicates and muddles provisions regarding the collection of stamp duties that are already contained in the Stamp Duties Act (SDA).
Mr Gbonjubola Matthew, Coordinating Director Special Tax Operation, FIRS, said “Asking the NIPOST to be exclusively in charge of stamp duty will be against the spirit of the constitution.” ....

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Ministry wants independent regulator for NIPOST

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Ministry wants independent regulator for NIPOST
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The Ministry of Communication and Digital Economy has called for the establishment of an independent regulator for effective operations of the Nigerian Postal Service (NIPOST).
Dr Isa Pantami, Minister of Communication and Digital Economy made the call at a one-day public hearing in Abuja on Monday.
The public hearing was organised by the Senate Committee on Communications was on two bills- the Nigerian Postal Service amendment bill and Nationwide Toll-free emergency number establishment Bill, 2021.
Pantami said that a situation where the regulator was also involved in the provision of postal service would not make for effective operations of NIPOST. ....

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We still have right to collect stamp duties, FIRS insists

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Controversy over whether Federal Inland Revenue Service (FIRS) or NIPOST has jurisdiction over the collection of stamp duties continued on Tuesday as FIRS once again said it will continue to be in charge.
This is a counter to a recent media reports quoting Minister of Communications and Digital Economy, Dr Isa Patami that President Muhammadu Buhari has ruled that NIPOST should take over the responsibility.
In a statement, Director, Communications and Liaison, Abdullahi Ismaila Ahmad said Patami merely stated that NIPOST would henceforth produce the ADHESIVE STAMPS required by FIRS to denote Stamp Duties.
“This position is in line with Section 2 of the Stamp Duties Act (as amended by Section 46 of the Finance Act 2020). ....

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