Anambra State Government will commence the enforcement of Stamp Duty payment and use for business transactions in the state as part of its idea aimed at broadening and supporting Internally Generated Revenue (IGR). The State is currently delving into possibly income generation policies without fleecing the populace according to the state government.
In line with the policy, the Gov. Willie Obiano signed the Stamp Duties Act, CAP S8, LFN 2004 amendment into law on Oct. 17, 2016 as a way re-instituting the law and its use in the revenue drive of the state.
The law targeted at guaranteeing all transactional agreement documents executed in the state would be appropriately stamped as the state government would gather obligations in regard of instruments executed between individuals or people at such rates to be demanded or charged and agreed to with the Federal Government through the State’s Stamp Duty’s Office situated at the Anambra State Internal Revenue Service, Head Office Complex, Revenue House (AIRS), Awka.
Ndi Anambra is by the public notice released by the government obliged to conform to the order.