Vat Increase: Businesses In Lagos To Pay 12.2 Per Cent On Goods, Services | Sahara Reporters “So, for Lagos State, automatically, consumption tax is 12.2 per cent.” followlasg READ MORE:
Businesses in Lagos will pay 12.2 per cent on the sale of goods and services once the 7.2 per cent Value Added Tax increase comes into force.
The Lagos State Government had since collected tax from restaurants and other retailers under a sales tax law despite a Supreme Court ruling against such in September 2018. “Meanwhile, when they generate all these money, they will share it between 36 states when most of the money is generated in just four states.”
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