FG replaces stamp duty with N50 electronic transfer levy

Tribune OnlineFG replaces stamp duty with N50 electronic transfer levyConsequent upon the outlawing of stamp duty on electronic bank transfer by the Court of Appeal, the Federal Government, through the Finance Act 2020, has introduced Electronic Money Transfer Levy. Finance Act 2020, which was recently signed by President Muhammadu Buhari, has a commencement date of January 1, 2021 along with the 2021 Appropriation Act. []FG replaces stamp duty with N50 electronic transfer levyTribune Online
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