By Oluchukwu Nkenta
The Lagos State Internal Revenue Service (LIRS) has deployed an electronic payment remittance platform aimed at increasing monthly consumption tax revenue to N1 billion.
Executive Chairman of LIRS, Mr. Ayodele Subair, disclosed this while speaking to journalists on the launch of the platform last week.
He stated: “This remittance system is aimed to help in the various sectors such as the hospitality sector, restaurants, events centres, and night clubs and bars, and have access to all transactions irrespective of their location.
“We want to improve on the efficiency of our collection of consumption taxes. So we have decided to leverage technology in other to increase efficiency and reduce the amount of leakages in the system, we need to apply technology and that is why we are launching this initiative.”
He stated that last year they got…
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