Stamp duty on instruments executed between a company and an individual is administered by:
AThe State Board of Internal Revenue
BThe Federal Inland Revenue ServiceCORRECT
CThe Joint Tax Board
DThe local government council
ICANTaxationStamp Duties and Other Taxes2021
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Why the answer is B, and why the others tempt you.
The FIRS is the competent authority for stamp duties where at least one party is a company. State authorities administer duties on instruments executed between individuals.
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