FIRS-JTB TIN Stamp Duty Registration Form (Full Guide)

FIRS-JTB TIN Stamp Duty Registration Form

if you are looking to register for the Federal Inland Revenue Service (FIRS) and Joint Tax Board (JTB) Tax Identification Number (TIN) Stamp Duty for your business transactions in Nigeria, you are in the right place, as we will be walking you through the full procedures on how to register.

About FIRS

Federal Inland Revenue Service (FIRS) was created in 1943. It is the agency responsible for assessing, collecting, and accounting for tax and other revenues accruing to the Federal Government of Nigeria. FIRS Portal https://www.firs.gov.ng/

You may also want to read List Of Crimes in Nigeria And Their Punishments

What is Stamp Duty

Stamp duty is a tax that is charged on written or electronic transaction documents. A physical revenue stamp had to be attached to or impressed upon the document to show that stamp duty had been paid before the document was legally effective (Wikipedia)

How to Easily Pay For Stamp Duties in Nigeria

1. Create your account or Log in using your existing account details on Integrated Stamp Duties & Levies Services (ISDLS) portal. Note: Your email ID is preferred for username.

2. Search and select the stamp duty instrument from the SERVICES menu or MDA menu.

3.  Provide details of the transaction by completing the relevant fields including TIN and transaction amounts. Note: The Tax Identification Number (TIN) of all parties involved in the transaction will be required.

4. View the summary page for correctness.

5. Make payments using any of the payment options. E.g. Debit cards, Credit cards, Pay at the bank, etc.

6. Upon successful payments, ISDS will forward an electronic copy of the Stamp Duty Certificate to the current logged-in email address of the user.

7. Log out or continue to process another stamp duty transaction.

How to Fill the Stamp Duty Form

To begin, make a selection by either clicking on the Individual, Corporate, or MDA tabs (see more details below). Then enter your Tax Identification Number (TIN) in the text box provided and click on the Retrieve TIN button.

NOTE:

• You must first provide your TIN prior to filling in other details in the respective text boxes.
• The text boxes with red asterisks are mandatory fields.
• Auto-Retrieve TIN Information may not work for some TIN. You are required to enter the appropriate information in the text boxes

INDIVIDUAL ACCOUNT: This is for individuals who wish to obtain their login credentials for stamp duty certificates. Frequently used services include: Tenancy Agreement, Tenancy Lease, etc.

CORPORATE ACCOUNT: This is for corporate entities who wish to obtain their login credentials for stamp duty certificates. Frequently used services include: Legal Mortgage, Debentures, Share Increase, etc.

Stamp Duties & Levies Rates in Nigeria

Name	Type	Rate	Extra Copy
Lease Agreement (Tenancy/Machinery) for transaction between 8 – 21 Years	Ad Valorem	3.0%	N50.00
Adhesive Stamp	Flat Rate	₦50.0
Adhesive Stamp N100	Flat Rate	₦100.0
Adhesive Stamp N1000	Flat Rate	₦1000.0
Adhesive Stamp N500	Flat Rate	₦500.0
Appointment of Receiver	Flat Rate	₦500.0	N50.00
Appointment of Trustee or of Attorney	Flat Rate	₦500.0	N50.00
Appraisement or Valuation of Property	Ad Valorem	1.5%	N50.00
Bank Cheque Per Leaflet N1.00 per leaflet (Premium)	Flat Rate	₦1.0
Bill of Sale	Ad Valorem	1.5%	N50.00
Bonds (Mortgage)	Ad Valorem	0.375%	N50.00
Bulk Cheque Book	Flat Rate	₦1.0
Bulk Loan Agreement	Ad Valorem	0.125%	N50.00
Certificate of Occupancy, Partnership	Flat Rate	₦1000.0	N50.00
Contract Agreement	Ad Valorem	1.0%	N50.00
Contract Notes	Ad Valorem	0.08%	N50.00
Debenture	Ad Valorem	0.375%	N50.00
Deed of Assignment	Ad Valorem	1.5%	N50.00
Deed of Gift	Ad Valorem	1.5%	N50.00
Deed of Release/Surrender/Discharge	Ad Valorem	0.075%	N50.00
Deed of Release/Surrender/Discharge (Without Stamp Duty Certificate for Mortgage/Debenture)	Ad Valorem	0.075%	N50.00
Deeds of Conveyance or Transfer on Sale of Property	Ad Valorem	1.5%	N50.00
Discharge or Release	Ad Valorem	0.075%	N50.00
Documents from Ministries and Parastatals (Letter from Legal Adviser of the Ministry of Parastatals required)	Non-Chargeable	Free	N0.00
Gift (Land)	Ad Valorem	1.5%	N50.00
Goodwill Debenture, Settlements	Ad Valorem	0.375%	N50.00
Guarantor’s Form ( For Loan Application)	Flat Rate	₦500.0	N50.00
Insurance Policy/Policies	Ad Valorem	0.075%	N50.00
Joint Venture Agreements	Flat Rate	₦500.0	N50.00
Lease Agreement (Tenancy/Machinery) for transaction between 0 – 7 Years	Ad Valorem	0.78%	N50.00
Lease Agreement (Tenancy/Machinery) for transactions above 21 Years	Ad Valorem	6.0%	N50.00
Legal Mortgage	Ad Valorem	0.375%	N50.00
Legal Mortgage (Upstamping)	Ad Valorem	0.375%	N50.00
Loan Agreement	Ad Valorem	0.125%	N50.00
Loan Agreement (as accompanying document to a mortgage/debenture)	Flat Rate	₦500.0	N50.00
Marketable Securities	Ad Valorem	2.25%	N50.00
Memorandum and Articles of Association (Alteration of memo)	Flat Rate	₦500.0	N500.00
Memorandum of Understanding (Related to Land, Sales, Joint Venture,. Surrender, Subdivision Agreements)	Ad Valorem	1.5%	N50.00
Memorandum of Understanding (Related to Ordinary agreements)	Flat Rate	₦500.0	N50.00
Notaries Act	Flat Rate	₦500.0	N50.00
Oath and other affiliates bodies relating to above	Flat Rate	₦500.0	N50.00
Oaths, Affidavit-Affirmation, Statutory Declaration, Agreement (Memo of Handwritten) Ordinary	Flat Rate	₦500.0	N50.00
Ordinary or Open Agreement Underhand Articles	Flat Rate	₦500.0	N50.00
Power of Attorney – Revocable/not land-related	Flat Rate	₦500.0	N50.00
Power of Attorney (Irrevocable/Land Related)	Ad Valorem	1.5%	N50.00
Power of Attorney (POA not relating to sales, conveyance, transfers of any landed property )	Flat Rate	₦500.0	N50.00
Pre-Incorporation Share Correction	Ad Valorem	0.75%	N50.00
Promissory Notes of Ordinary Documents/I.O.U	Ad Valorem	0.1%	N50.00
PROXY FORM	Flat Rate	₦500.0	N50.00
Registration of Charge	Ad Valorem	0.375%	N50.00
Sales Agreement	Ad Valorem	1.5%	N50.00
Settlement of any Instrument	Ad Valorem	0.375%	N50.00
Share Transfer	Non-Chargeable	Free	N0.00
Shipping Agreement	Non-Chargeable	Free	N0.00
Surrender, Bills of Exchange	Ad Valorem	0.1%	N50.00
Vending Agreement	Ad Valorem	1.0%	N50.00
Will	Flat Rate	₦500.0	N50.00

FIRS-JTB TIN Stamp Duty Registration Form