The National President of Nigeria Institution of Estate Surveyors and Valuers (NIESV), ESV Emma Okas Wike has emphasized in clear terms that the imposition of increase duty tax across board will no doubt weaken the purchasing power of citizenry and further impoverish the masses who are daily laboring to make ends meet in the face of the pandemic.
The President disclosed this at the Press Briefing held at the NIESV Liaison office in Lagos on Tuesday, over Two Critical Issues which were the New Tax Regime (Stamp Duty) by FIRS and the proposed Stamp duty on Valuation report.
He reiterated that the stamp duty tax proposed on valuation reports is an aberration considering the fact that a valuation report offers a financial guide only to investors and property owners and does not fall within the definition of property instrument to be subject for stamp duty or any tax for that matter.
The attendance of NIESV President ESV. Emma Wike FNIVS,RSV, Hon. National Assistant Publicity Secretary ESV Toyin Aluko ANIVS, RSV the NIESV Lagos State Chairman, ESV Adedotun Bamigbola FNIVS, FRICS, Honorary Secretary Lagos Branch ESV. Oyeniyi Olagoke ANIVS, RSV, ESV Akindiose Mosunmola ANIVS, RSV (HAS Lagos) and ESV. Ewenla Mustapha ANIVS RSV,(HPS Lagos).