Nigeria, June 18 -- Issued by the Office of the Accountant General of the Federation, the directive aims to bring government procedures in line with the terms of the Nigeria Tax Act 2025 following its enactment.



The News Chronicle reports that the government made it clear that stamp duty is only relevant for particular instruments and documents specifically mentioned under the tax legislation, not for payment transactions. Consequently, MDAs have been told to stop deducting regular payments and make sure the updated framework is completely followed.



The circular said that deductions taken before the start of the new legislation are still legitimate under current savings clauses. Furthermore, it clarified that agreements signed be...