Deduction of stamp duty charges on bank transactions not taxation – OGIRS

The Ogun State Internal Revenue Service, OGIRS, has reiterated that the deduction of stamp duty on bank transactions does not amount to taxation. The Executive Chairman of OGIRS, Mr. Olugbenga Olaleye, made this clarification on Thursday while speaking on a Yoruba programme, titled ‘Ayekooto’. He explained that stamp duty deductions are statutory charges paid into

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