What stamp duty rule is used on this page?
A flat NGN 50 duty on qualifying electronic transfers from NGN 10,000 and above.
Estimate stamp duty for common electronic transfer scenarios in Nigeria.
Built as a formula calculator with no API calls.
Uses NGN 50 flat duty rule on qualifying electronic transfers of NGN 10,000 and above.
Stamp duty applies to this transfer amount.
| Transfer Type | Duty Rule |
|---|---|
| Standard electronic transfer | NGN 50 flat when amount is NGN 10,000 or above |
| Salary payment | Exempt |
| Self-transfer in same bank | Exempt |
A flat NGN 50 duty on qualifying electronic transfers from NGN 10,000 and above.
Yes. Salary payments and self-transfers in the same bank are treated as exempt.
Yes. It adds stamp duty to your transfer amount in the total line.