The Nigerian Ports Authority, operating through the Trucks Transit Parks, has introduced a compulsory stamp duty payment of N50.00 for every N1,000 receipt issued to truck drivers.
This information was communicated through a notice observed by the PUNCH on Tuesday.
The notice, dated August 14th, informed that the Trucks Transit Parks management has been directed by the NPA to begin implementing the stipulation of denoting all issued receipts of N1,000.00 and above in value with an additional N50.00, starting in September.
Trucks Transit Parks explained that this directive aligns with a policy set forth by the Federal Ministry of Finance two years ago, which was extended to all Heads of Ministries, Departments, and Agencies.
The notice read in part, “In furtherance to the provisions of the Finance Act, the Federal Ministry of Finance issued a circular dated April 19, 2021, directing all heads of Ministries, Departments, and Agencies of Government to denote all issued receipts of N1,000.00 and above in value with N50.00 Stamp produced by the Nigerian Postal Service. Following engagements between the NPA and NIPOST on the implementation of the circular issued, the NPA has now directed our company, to commence the implementation of the circular on the denotation of all issued receipts of N1,000.00 and above in value with N50.00.”
According to the notice, “The implication of NPA’s directive above for stakeholders in the port environment doing business with TTP is that, from the effective date stated below, all bookings on the eto platform shall now attract a mandatory additional charge of N50.00. In the light of the foregoing, all stakeholders are by this notice, informed that in compliance with the above-mentioned directive of the NPA, TTP would commence implementation of the said directive, from September 1, 2023,” the notice said.
