AUTOMATION OF STAMP DUTY ASSESSMENT & PAYMENT
The National Stamp Duty Office is set to automate the process of assessment and payment of Stamp Duties hence making it possible to remotely assess instruments and make payments anywhere in Nigeria.
With the introduction of this epoch-making milestone innovation, instrument chargeable to stamp duty can be processed via the stamp duty online platform thus completely short-circuiting the bureaucratic process of having to visit a Stamp Duties office. To activate this automation stamping process, a party to an executed instrument chargeable to stamp duty will be required to first register on the online platform.
Subsequently, the party will identify and select the type of instrument it intends to stamp from a pre-loaded category of instrument types and thereafter proceed to upload the relevant particulars of the instrument, following which the party shall receive an assessment. Payment of duty on the instrument can also be processed via digital payment platforms.
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