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The State on June 22, 2009, enacted the Hotel Occupancy and Restaurant Consumption Law of Lagos State otherwise called Hotel Consumption Law, which imposes consumption tax at 5% on the value of goods and services consumed in hotels, restaurants and event centres within the state. The tax base is the total cost of facilities, consumables or personal services supplied to a consumer in, by or on behalf of the hotel, restaurant or events centre.

Foremost real estate investment company, Lekki Gardens, as part of its efforts towards closing the critical housing gap in Nigeria...

Press Release Committee Report No. 262 on Senate Bill No. 2232 (as delivered) By Senator Pia S. Cayetano Chairperson, Senate Committee on Ways and Means Mr. President and distinguished colleagues, today, I rise to sponsor and seek your support for Senate Bill No. 2232, per Committee Report No. 262, which establishes the tax regime of Philippine Offshore Gaming Operators, otherwise known as POGOs. These online gaming facilities have become a growing industry in the Philippines, generating additional revenues for the national government in the past year. According to the BIR, POGO collections ...