Reverse Tenancy Tax Or Face Workers’ Wrath – Trade Union Warns FG

ACNN TV
By ACNN TV
1 Min Read

The Trade Union Congress (TUC) has warned the federal government to reverse the new stamp duties on house rents.

TUC in a statement jointly signed by its President, Quadri Olaleye and the Secretary-General, Musa-Lawal questioned the timing of the new fiscal measure.

According to the new stamp duties released by the Federal Inland Revenue Services (FIRS), rent between 1-7 years is 0.78%; above 7 to 21 years is 3%; above 21 years is 6%.

The Union leaders said while other countries are giving palliatives to their citizens, the Nigerian government intends to further burden the citizens.

“We are calling on the federal government to immediately order the FIRS to stay active if it does not want to incur the wrath of workers and Nigerians.

NEWS:  Killings: Visit Katsina, Kaduna, Borno – PDP challenges Buhari

“We read that Ghanaians will not be paying for power throughout this year. Why is our case always different? Why increase our burden now?” The union queried.

Share This Article
Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *