Tenancy Tax: ‘Reverse or face workers’ wrath – Trade Union warns FG

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

In a statement jointly signed by TUC 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 TUC leaders said while other countries are giving palatives to their citizens, Nigerian government intends to further burden the citizens.

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

“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.

 


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