LIRS to commence automated collection of consumption Tax from Hotels, Restaurants & Event Centres

          

 

In line with global best practices in the use of technology and automated solutions, the Lagos Internal Revenue Service (LIRS) has recently implemented an Electronic Revenue Assurance (ERA) system for hotels, restaurants, nightclubs and event centers. compliance with the current Hotel Occupancy Law and the Lagos State Restaurant Consumer Tax, as amended. The law imposes a consumption tax of 5% on all expenditure on products and services in the points of sale, in accordance with article 2 of the law of June 2009 on the occupation and consumption of hotels.
The ERA system guarantees financial accountability and efficiency for collection agents, accurate deduction and automatic and transparent transfer of the consumption tax as well as rewards for consumers.
Speaking of how the new technology works, LIRS President Ayodele Subair said the Electronic Revenue Assurance (EFD) system is a software / device that sends invoices and receipts. to consumers code, detailing the articles and / or services ordered and an integrated automation of the real time consumption tax rebate. To protect consumers, payments and generated revenue will be tracked and monitored to verify the authenticity of issued receipts. We urge the owners of Lagos State restaurants, hotels, clubs and event centers to adopt this new initiative, not only because of the legal consequences of its violation, but also because of its social benefits. Mutual Economies.

LIRS is determined to give back to loyal Consumption Tax payers who request for their receipts generated by collecting Agents with a reward scheme being put in place.
Reacting to the introduction of the ERA Solution to the hospitality industry, Mr. Rasheed, owner of Islanders Hotels & Suites in Lagos, agreed that the device would benefit consumers while providing an easier automated accounting solution for his business. The hotelier in his statement said “we have struggled with problems of accountability in our hotel in the past with some staff of questionable character pocketing money that should be coming to the hotel for themselves. Once the ERA is installed in our hotel and with consumers requesting for their receipts through the platform, we will be able to keep an accurate account of dealings in our hotels and restaurants. More so, we will have no need to stretch our capacity in keeping records for the LIRS in order to avoid being shut down by the government for avoiding taxes since the device helps us remit Consumption Taxes automatically to the government as at when due”.


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