₦airaland Forum

He is saying nothing but the truth.
Combination of Adams Oshiomohole and Acidic pastor is equal violence.

Tax this, tax that nothing to show for it.
Very wicked government.

bluecircle470:
And he always talk sense...
*you forgot to put that

. Talk sense?
Why then he is denying all he said about the current APC candidate??

oyeb15:
Gadunje is a force to reckon with in d north. He's at d center of d calculation for 2023 presidency.

. But he lost Kano state election.
Forget about fraud they did on the rerun

My dislike for this man has no boundary.
My dislike for him has nothing to do with political party he belong.
He talk too much. He talk without control.

Dogara is not as popular in the north as people thought he was .

The man is not as corrupt as they are painting him. This is a known fact.

The kind evil some Nigerians take this coro do is just too much.

So covid have end

I love the way this Obaseki is speaking.
He never for once speak bad of APC except Oshiobaba.

All Nigeria banks CEO are all politicians and criminals

The highest position he attained politically is governor

Charsmedia:
Eyitayo Jegede, a Senior Advocate of Nigeria (SAN), has won the People’s Democratic Party (PDP) governorship election ticket.

He beat seven others, including Deputy Governor Agboola Ajayi, who defected from the ruling All Progressives Congress (APC) to fight for the party’s ticket.

Jegede, who was the PDP candidate in the 2016 election, lost to incumbent Governor Oluwarotimi Akeredolu.

Akeredolu clinched the APC ticket to contest the October 10 election in the Sunshine State.

. Are u just waking up from sleep??

Yebosola:
Stop derailing better thread before Tinubu's matter sends u to early grave, u brothers has eaten your future, u are here masturbating over Tinubu who doesn't know anything about your wretched life .

. Thanks.

The Federal Inland Revenue Service (FIRS) has clarified the categories of stamp duties to be paid by tenants.

The FIRS on Wednesday mandated landlords and property agents to charge 6 percent Stamp Duty on all tenancy and lease agreements.

This decision has generated a strong debate among Nigerians on social media.

However on Saturday, Director, Tax Policy of the FIRS, Mr. Mathew Gbonjubola during a webinar conference put clarity to the rates.

Mr. Gbonjubola explained that “the 6% stamp duty is for tenancy above 21 years while 7 to 21 years lease or tenancy attracts 3% and less than 7-year tenancy is below 1%.”

Mr. Femi Oluwaniyi, Coordinating Director, Tax Operations Group of the FIRS told The Nation that stamp duty on rent or lease only applies to new agreements and not to renewals.

According to him, “if a new agreement is drawn up at renewal, that document should be stamped, just like initial Agreement. If, however, the renewal terms are already in the initial Agreement such that no new document is prepared but just payment of the rent for renewal, then no stamping is required.”

During the virtual conference, the panellists said that “Nigerians should accept the fact that the country can no longer rely solely on revenue accruing from its natural resources to fund the budget, hence the need to embrace taxation as the new normal of national fiscal policy.”

Taiwo Oyedele of PriceWaterhouseCoopers in his twitter account stated that “stamp duty on most rent agreements is at the rate of 0.78%, not 6% as being widely circulated.”

According to Oyedele, “based on the Stamp Duties Act, stamp duty on lease or rent agreement is payable as follows: If the lease term is less than 7 years, stamp duty rate is 0.78% (e.g. N780 on N100k rent). For a term of 7+ to 21 years, stamp duty rate is 3% (means N3k for N100k rent). For a term above 21 years, stamp duty rate is 6% (e.g. N6k for N100k rent)

He noted that “given that most people enter into rent agreements for less than 7 years, the applicable stamp duty rate to most people will be 0.78%.”

Oyedele further explained that “if you are an individual renting from another individual, your stamp duty is payable to the state tax authority such as LIRS if you are resident in Lagos. If either the tenant or the landlord is a company, then the duty is payable to FIRS.”

He reiterated that “the obligation to pay stamp duty on rent rests with the tenant. However, FIRS is seeking to appoint the landlord as the agent to collect and remit the tax.”

Some other Stamp Duty types and their rates are Appraisement or Valuation of Property, 1.5%; Certificate of Occupancy, Partnership N1,000 flat rate; Gift of Land, 1.5%; Legal Mortgage, 0.375%; Legal Mortgage (Upstamping), 0.375%; Deed of Conveyance or Transfer on Sale of Property, 1.5%; Memorandum of Understanding (Related to Land, Sales, Joint Venture, Surrender, Subdivision Agreements, 1.5%; Power of Attorney (Irrevocable/Land Related), 1.5%; and Sales Agreement, 1.5%.

https://thenationonlineng.net/tenants-to-pay-0-78-percent-stamp-duty-firs-clarifies/

And this is news.

Covid419

Hmm

EmperorFred:
What are you into?

. Tell me how much u can rent shop in any where in Nigeria.

EmperorFred:
I didn't state that I want to start buying and selling houses

. Are u in Nigeria?
Tell me reasonable business you can start in present Nigeria with 100k.

EmperorFred:
How much preferably or at least manageable

. Even 500k is not manageable.

Aboki

Sell to schools?? In Nigeria now?

Got the news now at AIT.

Political protest.

Go out and check those supporting lockdown then, they are all suffering today.

He went to beg him to step down for Ahmed Tinubu.

Osho is desperate for godfather.

The Academic Staff Union of Universities (ASUU) has advised the federal government to allow schools remain closed until 2021 to ensure adequate preparations before reopening.

Schools have been closed since March 2020 in the wake of the COVID-19 pandemic.

TheCable had reported on Friday that the federal government is in talks with the West African Examination Council (WAEC) on a new date for the West African Senior School Certificate Examination (WASSCE) earlier scheduled to begin on August 4, 2020.

Biodun Ogunyemi, president of ASUU, told The Punch in an interview that government shouldn’t take such chances unless parents sign an undertaking.

“Look, Kenya has said they have closed all their schools till next year. They too have exams to write; safety first. If it means closing the schools until next year to safeguard the lives of Nigerian children and safeguard the health of all Nigerians, so be it,” Ogunyemi said.

“So, if that will help us to address cases that can lead to increase in mortality, I think Nigerians should go that way and all of us should see reason for it.

“If they need to cancel admission for the year, it is good for them. Life matters first, people must have life first before they can go to university. Are the universities ready to work now?

“Our position is that they should not experiment with the lives of our children. Nobody can tell; the situation may soon normalise and they can do their exams and there is another opportunity for external candidates around November. So, it’s not as if the door is totally closed.”

Ogunyemi added that ASUU has not seen any evidence to show that there are adequate safety measures in place for students to resume.

“The first thing that should be tackled is whether schools are safe. And if the schools are not safe, why do you want to carry out an experiment with the lives of our children?” he queried.

“An attempt to send back the children to school at a time there is a spike in COVID-19 cases in Nigeria is like experimenting with the lives of our children.

“If they put all the things in place, including social and physical distancing, sanitisers, kitting the children as we see in other places, decontamination with water flowing in the schools and all the gadgets, why not?

“So, if government can meet all these conditions, then they can reopen the schools. But if they cannot meet all these conditions, they should not experiment with even 10 students in any school.”

https://www.thecable.ng/covid-19-ASUU-advises-fg-to-close-schools-until-2021/amp

JAMO84:
Osho baba, the destroyer of Goatwin Obaseki

Osho destroyed Obaseki or Obaseki made Osho jobless

He has started again, talkative.

iokpebholo:
Some mumu will still tell u it's a scam

. Your love for coro have no bandary. Oga the entire world have moved on, coro is here to stay.