By using our website, you agree to the use of our cookies.

Advert Placement

News

Senate passes the Nipost service bill in favour of FIRS restraining NIPOST to only postal services in Nigeria 

The Senate on Tuesday passed the Nigerian Postal Service (Repeal and Reenactment) Bill, 2021, which effectively restricted the agency to only postal operations in the country.

 

The Bill also unbundled the agency by creating a commission to regulate its affairs.

 

Advert placement

The lingering controversy between NIPOST and the Federal Inland Revenue Service (FIRS) as to who is statutorily empowered to collect Stamp Duties on behalf of the Federal Government also appeared to have been laid to rest in favour of FIRS as there is no provision in the Bill as to who will to collect the tax.

 

Advert placement

Section 2 subsection 1-3 of the Bill however effectively barred NIPOST from engaging in tax collection.

 

 

 

 

ADVERTISEMENT

The section reads: “There is hereby established a body to be known as the Nigerian Postal Service (hereby designated as the Public Postal Operator) which (a) shall be a body corporate with perpetual succession and a common seal…

 

“The Postal Operator shall be charged with the responsible of providing Universal Postal Service in Nigeria.

 

“In carrying out its Universal Postal Service Obligations, the provisions of any enactment, law or regulation relating to taxation of companies, agencies or trusts funds shall not apply to the Public Postal Operator save for its obligation as a collecting agent  of government.”

What’s your Reaction?
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0

Disclaimer

Contents provided and/or opinions expressed here do not reflect the opinions of The Pacesetter Frontier Magazine or any employee thereof.

Advert Placement


Support The Pacesetter Frontier Magazine

It takes a lot to get credible, true and reliable stories.

As a privately owned media outfit, we believe in setting the pace and leaving strides in time.

If you like what we do, you can donate a token to us here. Your support will ensure that the right news is put out there at all times, reaching an unlimited number of persons at no cost to them.

Related posts

Leave a Reply

Required fields are marked *

All Rights Reserved | The Pacesetter Frontier Magazine | Design by Karm