An Examination of Stamp Duties Assessment and Collection in the Telecommunications Industry

Abstract

The law upon the subject of stamps is altogether a matter positive juris. It involves nothing or principle or reason but depends on altogether upon the language of the legislature. This will lead us to look at key sections of the Stamp Duties Act on assessment and collection. Why this examination is important is, to highlight areas where there is probably a neglect by the government to generate revenue, and perhaps, possible areas where investors in the telecommunications should be enlightened as it is one industry largely driven by foreign and local investors. This paper will examine the assessment and collection of Stamp Duties in the Telecommunication Industry under the Nigerian clime.