Section 185

The following instruments shall be exempted from stamp duties under
from stamp
Chapter Eight of this Act –
duties
(a) transfer of shares in Government or legislative stocks or funds of
Nigeria;
Nigeria Tax Act, 2025 2025 No. 7 A 489
(b) any instrument for sale, transfer or other disposition, either
absolutely or by way of mortgage, or otherwise, of any ship or vessel
or any part, interest, share or property of or in any ship or vessel;
(c) any instrument on which the duty would be payable by a Nige-
rian Government or any of its ministries, departments or agencies;
(d) any instrument in which the duty would be payable by any
consular officer arising out of his official functions provided the for-
eign government he represents grants similar exemption to Nigerian
consular officers;
(e) any instrument executed by or on behalf of a co-operative
society registered under any Act or law;
(f) shares, stocks or securities transferred by a lender to its ap-
proved agent or a borrower in furtherance of a regulated securities
lending transaction;
(g) shares, stocks or securities returned to a lender or its approved
agent by a borrower in pursuant of a regulated securities lending
transaction; or
(h) all documents relating to the transfer of stocks and shares.
(i) electronic transfer or electronic receipts of money of a sum
below N 10,000 or its equivalent in other currencies, transfers for
salary payment and intra-bank self- transfers.
PART IV - EXEMPTION FROM VALUE ADDED TAX