Consumption tax: Lagos adopts e-payment for remittance

The use of technology to enhance the effectiveness of tax administrations, expand taxpayer services and enhance tax compliance continues to attract increasing attention both in developed and developing countries.

Particularly, governments worldwide have increasingly been demanding substantially more effective use of modern technology systems for the delivery of services to citizens.

In its effort to leverage on e-payment and multi-modal payment portals, the Lagos State Internal Revenue Service (LIRS) has unveiled an automated invoicing system and technology device, Electronic Revenue Assurance system (ERA).

The new system was unveiled recently at a stakeholders’ meeting held with hotel and business owners in the hospitality and tourism sector of Lagos State, at the Banquet Hall, State House, Alausa, Ikeja.

Held under the theme, Fiscalization of hotel occupancy and restaurant consumption tax law, the session highlighted the benefit of improving profit, sustenance of cash flow and reduction in revenue leakage for hotels, restaurants, nightclubs, bars and event centers owners in Lagos State through the Electronic Revenue Assurance system (ERA) device.

Speaking at the unveiling ceremony, Lagos State governor Akinwunmi Ambode, reiterated his commitment to make Lagos State one of the largest economy and smartest cities in the world.

Ambode, who was represented by his deputy Dr. Idiat Oluranti Adebule, enjoined residents and business owners in Lagos state to key into the new ERA by promptly paying their consumption taxes through the newly introduced technology

‘’Funds are required to enable government to actualize its objective of the provision of adequate infrastructure and services for the residents of expected of a mega city. Prompt payment of taxes is the way in which government is able to finance its activities.”

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