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Six percent Tenancy Stamp Duty targeted at vulnerables, NLC tells FG

Six percent Tenancy Stamp Duty targeted at vulnerables, NLC tells FG

The Nigerian Labour Congress has condemned the introduction of six percent Stamp Duty on Tenancy and Lease Agreements by the Federal Government.

The NLC President, Ayuba Wabba made this known in a statement released on Friday.

Wabba condemned the introduction of such tax at a time other countries are providing COVID-19 palliatives for their citizens.

He lamented that such duties will only worsen the condition of the vulnerable people in the country.

“It is also alarming that we are having hike in taxes and user access fees when other countries are offering palliatives to their citizens.

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“We call on the Federal Government and the Federal Inland Revenue Service to rescind this harsh fiscal measure as it is boldly insensitive to the material condition of Nigerians which has been compounded by the Covid-19.

“Nobody would want to be a tenant if they had alternative. This means that tenants which this new policy targets are some of the most vulnerable people in our society.

“It would be illogical, insensitive and inhuman to churn out laws that make our poor go to bed at night with tears in their eyes,” he said.

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