Stamp Duties – Knowsia

TAX – Nov 2020 – L1 – SA – Q14 – Stamp Duties

Identify which instrument is not assessed by fixed duties under the Stamp Duties Act.

Question

Which of the following is NOT an instrument being assessed by fixed duties?
A. Payment receipts
B. Cheque leaves
C. Guarantor forms
D. Proxy forms
E. Bills of exchange

Answer

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Tags: Fixed Duties, Instruments, Nigerian Tax System, Stamp Duties
Level: Level 1

Topic: Stamp Duties
Series: NOV 2020

TAX – Nov 2020 – L1 – SA – Q13 – Stamp Duties

Identify which instrument is not required to be stamped under the Stamp Duties Act.

Question

Under the Stamp Duties Act Cap S8 LFN 2004, which of the following instruments is NOT required by law to be stamped?
A. Leases
B. Contract notes
C. Bills of lading
D. Mortgages
E. Instruments relating to reconstruction and amalgamation

Answer

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Tags: Instruments, Nigerian Tax System, Stamp Duties Act, Stamp Duty Requirements
Level: Level 1

Topic: Stamp Duties
Series: NOV 2020

TAX – Nov 2016 – L2 – Q5a – Stamp Duties

Discuss the administration of Stamp Duties in Nigeria and explain five chargeable instruments.

Question

i. Discuss briefly the administration of Stamp Duties in Nigeria. (5 Marks)
ii. List and explain any FIVE instruments that are chargeable to Stamp Duties. (5 Marks)

Answer

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Tags: Chargeable Instruments, Stamp Duties, Tax Administration
Level: Level 2

Topic: Stamp Duties
Series: NOV 2016

TAX – May 2021 – L1 – SA – Q13 – Stamp Duties

Objective question about the functions of the Commissioner of Stamp Duties.

Question

Which of the following is NOT a function of a Commissioner of Stamp Duties?
A. He is the administrative head of the department
B. He has the duties of assessing documents on appropriate duties and imposing penalties where applicable
C. Adjudication
D. Stamping or embossments
E. He varies the stamp duties rate from time to time to reflect realities

Answer

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Tags: Adjudication, Administration, Commissioner, Duties, Penalties, Stamp Duties
Level: Level 1

Topic: Stamp Duties
Series: MAY 2021

TAX – May 2021 – L1 – SA – Q12 – Stamp Duties

Objective question to identify what is not assessed on an ad-valorem basis.

Question

Which of the following is NOT assessed on ad-valorem basis?
A. Share capital of companies
B. Mortgage and debenture loans
C. Property valuation
D. Promissory notes
E. Admission as solicitor or notary public

Answer

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Tags: Ad-Valorem, Assessment, Mortgage, Property Valuation, Stamp Duty
Level: Level 1

Topic: Stamp Duties
Series: MAY 2021

TAX – Nov 2020 – L1 – SA – Q14 – Stamp Duties

Identify which instrument is not assessed by fixed duties under the Stamp Duties Act.

Question

Which of the following is NOT an instrument being assessed by fixed duties?
A. Payment receipts
B. Cheque leaves
C. Guarantor forms
D. Proxy forms
E. Bills of exchange

Answer

Find Related Questions by Tags, levels, etc.

Tags: Fixed Duties, Instruments, Nigerian Tax System, Stamp Duties
Level: Level 1

Topic: Stamp Duties
Series: NOV 2020

TAX – Nov 2020 – L1 – SA – Q13 – Stamp Duties

Identify which instrument is not required to be stamped under the Stamp Duties Act.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Instruments, Nigerian Tax System, Stamp Duties Act, Stamp Duty Requirements
Level: Level 1

Topic: Stamp Duties
Series: NOV 2020

TAX – Nov 2016 – L2 – Q5a – Stamp Duties

Discuss the administration of Stamp Duties in Nigeria and explain five chargeable instruments.

Question

i. Discuss briefly the administration of Stamp Duties in Nigeria. (5 Marks)
ii. List and explain any FIVE instruments that are chargeable to Stamp Duties. (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Chargeable Instruments, Stamp Duties, Tax Administration
Level: Level 2

Topic: Stamp Duties
Series: NOV 2016

TAX – May 2021 – L1 – SA – Q13 – Stamp Duties

Objective question about the functions of the Commissioner of Stamp Duties.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Adjudication, Administration, Commissioner, Duties, Penalties, Stamp Duties
Level: Level 1

Topic: Stamp Duties
Series: MAY 2021

TAX – May 2021 – L1 – SA – Q12 – Stamp Duties

Objective question to identify what is not assessed on an ad-valorem basis.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ad-Valorem, Assessment, Mortgage, Property Valuation, Stamp Duty
Level: Level 1

Topic: Stamp Duties
Series: MAY 2021

Topic: Stamp Duties

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TAX – Nov 2020 – L1 – SA – Q14 – Stamp Duties

Identify which instrument is not assessed by fixed duties under the Stamp Duties Act.

TAX – Nov 2020 – L1 – SA – Q13 – Stamp Duties

Identify which instrument is not required to be stamped under the Stamp Duties Act.

TAX – Nov 2016 – L2 – Q5a – Stamp Duties

Discuss the administration of Stamp Duties in Nigeria and explain five chargeable instruments.

TAX – May 2021 – L1 – SA – Q13 – Stamp Duties

Objective question about the functions of the Commissioner of Stamp Duties.

TAX – May 2021 – L1 – SA – Q12 – Stamp Duties

Objective question to identify what is not assessed on an ad-valorem basis.

TAX – Nov 2020 – L1 – SA – Q14 – Stamp Duties

Identify which instrument is not assessed by fixed duties under the Stamp Duties Act.

TAX – Nov 2020 – L1 – SA – Q13 – Stamp Duties

Identify which instrument is not required to be stamped under the Stamp Duties Act.

TAX – Nov 2016 – L2 – Q5a – Stamp Duties

Discuss the administration of Stamp Duties in Nigeria and explain five chargeable instruments.

TAX – May 2021 – L1 – SA – Q13 – Stamp Duties

Objective question about the functions of the Commissioner of Stamp Duties.

TAX – May 2021 – L1 – SA – Q12 – Stamp Duties

Objective question to identify what is not assessed on an ad-valorem basis.

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TAX – Nov 2020 – L1 – SA – Q14 – Stamp Duties

Identify which instrument is not assessed by fixed duties under the Stamp Duties Act.

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TAX – Nov 2020 – L1 – SA – Q13 – Stamp Duties

Identify which instrument is not required to be stamped under the Stamp Duties Act.

You're reporting an error for "TAX – Nov 2020 – L1 – SA – Q13 – Stamp Duties"

TAX – Nov 2016 – L2 – Q5a – Stamp Duties

Discuss the administration of Stamp Duties in Nigeria and explain five chargeable instruments.

You're reporting an error for "TAX – Nov 2016 – L2 – Q5a – Stamp Duties"

TAX – May 2021 – L1 – SA – Q13 – Stamp Duties

Objective question about the functions of the Commissioner of Stamp Duties.

You're reporting an error for "TAX – May 2021 – L1 – SA – Q13 – Stamp Duties"

TAX – May 2021 – L1 – SA – Q12 – Stamp Duties

Objective question to identify what is not assessed on an ad-valorem basis.

You're reporting an error for "TAX – May 2021 – L1 – SA – Q12 – Stamp Duties"

TAX – Nov 2020 – L1 – SA – Q14 – Stamp Duties

Identify which instrument is not assessed by fixed duties under the Stamp Duties Act.

You're reporting an error for "TAX – Nov 2020 – L1 – SA – Q14 – Stamp Duties"

TAX – Nov 2020 – L1 – SA – Q13 – Stamp Duties

Identify which instrument is not required to be stamped under the Stamp Duties Act.

You're reporting an error for "TAX – Nov 2020 – L1 – SA – Q13 – Stamp Duties"

TAX – Nov 2016 – L2 – Q5a – Stamp Duties

Discuss the administration of Stamp Duties in Nigeria and explain five chargeable instruments.

You're reporting an error for "TAX – Nov 2016 – L2 – Q5a – Stamp Duties"

TAX – May 2021 – L1 – SA – Q13 – Stamp Duties

Objective question about the functions of the Commissioner of Stamp Duties.

You're reporting an error for "TAX – May 2021 – L1 – SA – Q13 – Stamp Duties"

TAX – May 2021 – L1 – SA – Q12 – Stamp Duties

Objective question to identify what is not assessed on an ad-valorem basis.

You're reporting an error for "TAX – May 2021 – L1 – SA – Q12 – Stamp Duties"

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