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nipost act pdf

Nigeria Deposit Insurance Corporation (NDIC) Act Cap. With immediate effect, all DMBs and other financial institutions shall commence the charging of N50 per eligible transaction in accordance with the provisions of the Stamp Duties Act … 15 New Provisions In The Companies and Allied Matters Act (CAMA) 2020 That Promote Ease Of Doing Business (Download PDF) August 4, 2020 Full Guide to Registration as Oyo State Government Contractor, Supplier or Consultant Approval of the Revised Edition of the L.F.N. Download article as PDF. Answer: Electronic mail. INTRODUCTION The Federal Government of Nigeria has provided funds in the 2020 Appropriation Act to the Federal Ministry of Transportation for the … 18 The tax exempt status is achieved by the combined operation of sections 19, 75 and Third Schedule, Personal Income Tax Act (PITA). Pro-ACT approached NIPOST to utilize its courier Expedited Mail Service (EMS) platform to transport DBS samples and test results. This development was eshunicated by decree No. The acceptable form of correspondence for persons disputing assessments by Tax Authorities in the New Act now includes. ENACTED by the National Assembly of the Federal Republic of Nigeria. Moreover, not only is NIPOST engaged in commercial activities, it is also a dominant player (within the meaning of Section 70 of the Act) 5 in the courier services market. Following the President's assent, the Honorable Minister for Finance, Budget and National Planning announced 1 February 2020 as the effective date for implementing the Value Added Tax rate increase from 5% to 7.5%. In compliance with the Public Procurement Act of 2007, the Nigerian Postal Service (NIPOST) intends to undertake the procurement of 6 (six) No. operations or business activities of NIPOST Stamping Protocol means the entire process of implementing and enforcing denotation of documents, instruments, forms, deeds, agreement, and relevant written documents with an adhesive or postage stamp or electronic or internet generated stamps as well as the act of cancelling out such stamps by signing across. However, it is worth noting that the Nigerian Postal Service (NIPOST), in a recent Public Notice stated that the rights to print, mint, produce, retail and provide postage adhesive stamp resides with the NIPOST. 19 [2007 No. 65] Commencement: 25th May, 2007. Bill, 2019 into law to become the Finance Act, 2020. 1. The new Act includes a provision that grants to all companies “engaged in agricultural production” in Nigeria. a.Cult and Ethnic militia activities ; b.Criminal activities aimed at depriving citizens of their properties or lives; Or. 11. The Nigerian postal service is a Federal Government department saddled with the responsibility of sending, receiving and organizing mails to Nigerians within Nigeria and abroad. Our earlier alert on the amendments to the SDA and the related FIRS Information Circular is available on this link • The Presidency has directed all institutions of government (all relevant MDAs, particularly the CBN, FIRS, NIBBS, MDBs, NIPOST etc) and related stakeholders to give maximum … Motor Vehicles for the Intra-Territorial Mail Distribution in Lagos. (h)Monitor, investigate, and take every necessary step to forestall any planned Act of terrorism particularly. 2004. The postal code system developed by NIPOST in 2000, and an efficient addressing framework are key tools required for the repositioning of NIPOST. 41 of 1992 established the Nigeria Postal Service (NIPOST) to provide postal services in Nigeria. Act 2019 including the extension of Stamp Duty to electronic documents, receipts, bank deposits or transfers. In essence, it plays the role of … (vi) power transmission lines, or oil pipelines, NIPOST cables, equipment, Water Board pipes or equipment vandalisation; (g) monitor the activities of religious bodies and trade associations; (h) monitor, investigate and take every necessary step to forestall any planned act of terrorism particularly-(i) cult and ethnic militia activities, (ii) criminal activities aimed at depriving citizens of their properties or lives, or (iii) … The bill is aimed at modifying certain ambiguities in the act and legalising all collections through commercial banks from January 2017. The Finance Act 2019 (FA 2019) amended SDA and Duties Act, I-FN 2004 as reinforced by the court judgment in Suit No FHC/L/CS/1710/2013. Wider base for taxing non-resident companies (NRCs) The Bill introduces provisions that create a taxable presence for NRCs carrying on digital activities, consultancy, technical, management or professional services in Nigeria, provided that they have "significant economic presence" (SEP) in Nigeria; and profit can be attributable to such activity. In late 2018, Nipost replaced the disused postal order service with a domestic electronic Money Order whose commission is less than the postal orders and can be obtained at any post office or sub-post office enabling rural and urban communities to transfer money easily. 1. 1. This dominance is established by virtue of NIPOST being an operator in the market on the one hand, while having the power to influence an increase in the license fees payable by its competitors in that space. The a acronyms “Nipost” now means “Nigerian Postal service” as against “Nigerian Postal Service Department” that it was before the autonomous status. These policy and regulatory developments along with … Information Technology Development Agency Act 2007 which became the legal platform for the creation of the National Information Technology Development Agency NITDA. This culminated in various lawsuits1 involving NIPOST, on the responsible agency to collect stamp duties, its applicability and relevant exemptions/limitations. DESTINATION: 0.5kg: 1.0kg: 1.5kg: 2.0kg: 2.5kg: 3.0kg: 3.5kg: 4.0kg: 4.5kg: 5.0kg: ADD 1/2kg(N) NATIONAL - WIDE INTER-REGION 2640 2880 “We are also asking the court to determine if FIRS is not violating the intellectual property right given to NIPOST by the inventor of the Stamping Protocols Business Model, a business model which NIPOST in partnership with one of its business partners developed and was using to implement the Provisions in Section 11- 1, 2 and 3 and Section 89 – 1 of Stamp Duty Act, which is where Stampings … “The Finance Act 2019 did not delete nor repeal neither did it amend Section 5(d) nor Section 34(1) and (2) of the NIPOST Act 2004. Don’t Pay anyone cash or otherwise for Nigerian Postal Service jobs in Nigeria. National Land Reform Commission (Est.etc)Bill2013(SB.372)-First Reading Sen.Abdullahi Adamu, CON (Nasarawa West) 3. and hereby inform the Public that the Nigerian Postal Service has observed several legal contradictions contained in the … • A new bill, Stamp Duties (Amendment) Bill 2018, seeking to holistically amend the Stamp Duties Act LFN 2004, which has become obsolete in the face of current realities, was passed into law by the National Assembly in May 2018 . 41 of 1992. It is noteworthy that there has never been a national postal policy, however, Decree No. In effect, the NIPOST postage stamps currently used by taxpayers on receipts is not a substitute for the FIRS’ adhesive stamp. Federal Government of Nigeria Financial Regulations 2009, and the Agency . Nigeria’s domestic revenue mobilization has been … • The Bill contains a total of 23 amendments to the existing provisions of the Stamp … the Finance Act, 2019, as the only competent authority with powers to impose, charge and collect stamp duties on all dutiable transactions under the SDA. (vi)Power transmission lines, oil pipelines, NIPOST cables, equipment, water boad pipes or equipment vandalisation (g)Monitor the activities of religious bodies and trade associations. Service (NIPOST) sought to obtain stamp duties on receipts from banks, resulting in Central Bank of Nigeria’s intervention. In that Notice, NIPOST informed the public that it had taken steps to ensure that the appropriate authorities addressed "the legal contradiction" which NIPOST claims exists in an earlier … Website: www.nipost1.gov.ng . Its current operations are hampered by the fact that most of the country does not have well- organized street naming and house numbering address systems by Local Government Authorities. 1.0 The Nigerian Postal Service (NIPOST), Garki II, Abuja wishes to undertake the Procurement of Works, Goods and Services in the implementation of its year 2020 … To successfully apply for NIPOST Jobs at all levels, you must meet the requirements of the organization once disclosed. Industrial Court sets aside purported retirement of NIPOST officer Bissan Akau, Orders reinstatement 13 Dec, 2020 Court President, Justice Kanyip mourns the death of pioneer Justice Paul Atilade Rtd In 1987, Nipost was charged with providing postal order services within Nigeria under Act No. NIPOST also faces substantial competition from private sector … The Federal Inland Revenue Service is expected to issue a clarifying circular in due course. N102LFN2012(Repeal and Re-enactment) Bill 2013(SB.371)-First Reading Sen.BasseyE.Otu (Cross River South) 2. Answer: An initial tax-free period of 5 years renewable for an additional 3 years. 18 of 1989” were to … SmallClaims Court (Est.etc)Bill2013(373)-First Reading Sen.Joshua M.Lidani (Gombe South) ORDERSOFTHEDAY … NIPOST Requirements. FEDERAL REPUBLIC OF NIGERIA FEDERAL MINISTRY OF COMMUNICATIONS AND DIGITAL ECONOMY NIGERIAN POSTAL SERVICE (NIPOST) GARKI II, ABUJA PREQUALIFICATION AND EXPRESSION OF INTEREST. It is noteworthy that there has never been a national Postal policy; however, Decree No. Download Tender as PDF. You can get this done yourself by the listed steps. Corporate Headquarters, Muhammadu Buhari Way, Garki II, Area 11, Abuja. Information Technology Development Agency Act 2007 which became the legal platform for the creation of NITDA. Remittances received in Nigeria through the formal channels are tax exempt, for example when non-resident Nigerians transfer foreign currency (forex) into their forex domiciliary accounts with Nigerian banks. Article (PDF Available) ... provisions of the Stamp Duties Act 2004, the NIPOST Act 2004 and the . PRIMARY RESPONSIBILITY OF NIPOST “The primary responsibility of Nipost is established by the decree No. You don’t need any individual to process your NIPOST recruitment for you. However, whilst the FIRS affirmed that the SDA is the legal basis for the imposition of stamp duties in Nigeria, we noted that some of the … a) Companies Income Tax (CIT) Act: i. SDA AMENDING BILL (CONTD) … Beyond transport … • The Act provides a list of documents in its Schedule and the duty payable on each of them. However, the promulgation of the Act known as NSCDC Act No. … 18 of that year. The Public Enterprises (Privatisation and Commercialisation) Act, 1999 under Second Schedule, Section 6 (1), Part 1 listed the Nigerian Postal Services (NIPOST) as one of the twenty-four (24) government enterprises slated to undergo partial commercialization by the Federal Government. The Laws of the Federation of Nigeria compiled and published in 2004 under the authority of the Attorney-General of the Federation and … The social service implication of the organization to barely m5%. Download article as PDF. 10. An Act to enable effect to be given to the Revised Edition of the Laws of the Federation of Nigeria. Consequently, the Nigerian Postal Service wishes to … He reinstated that NIPOST Act 2004 provides and vest solely in NIPOST the power to print adhesive postage stamps, which is the instrument for denoting documents and other transaction instruments in compliance with the provisions of the Stamp Duties Act. The choice of NIPOST was informed by its wide network of over 900 post offices, 3,000 postal agencies, and extensive mail routes covering the country, which would help to ensure that hard-to-reach communities and localities are provided with EID services. 41 of 1992 established the Nigeria Postal Service (NIPOST) to provide postal services in Nigeria. This is a recruitment guide on NIPOST. RESIDES WITH NIPOST (A Response to FIRS’ Circular “Clarifications on the Provisions of the Stamp Duties Act) The Nigerian Postal Service (NIPOST) wishes to draw the attention of the General Public to the aforementioned circular issued by the Federal Inland Revenue Service (F.I.R.S.) In this regard, the CBN pursuant to the provisions of its enabling laws, hereby issues this circular to all DMBs and other financial institutions. NIPOST Recruitment 2020. 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