It seems the Lagos State tax has struck again and this time, POS service operators are mandated to start paying an annual tax of N10,000. Here is all you should know about this tax.
Popular Nigerian social commenter, Comrade Deji Adeyanju made the revelation via his Twitter page on 15th August 2020. Adeyanju had Tweeted:
The Bullion Vans & Sons LTD want to tax Lagosians to death. N10,000 for POS fee. Somebody must pay for their 2023 spending. pic.twitter.com/WmpmPyC4wR
— Comrade Deji Adeyanju (@adeyanjudeji) August 15, 2020
In case the picture is not clear enough, here is a transcript of the body of the letter below.
“General Notice. This is to official [sic] inform all mobile agent [sic] across Agbado/Oke-odo local council development area that it is mandatory to pay a compulsory levy of 10,000 annually through Trilling Volant Service (approved collector of revenue from mobile money Agent) starting from year 2021.
“As for the year 2020 its [sic] mandatory to pay a sum of 5000 as the year is already running out. Thanks for your understanding.”
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The letterhead shows that it claims to be from the Alimosho Local Government, which is one of the biggest local government areas (LGA) in Lagos State. However, the letter only bears the stamp of the local council development area (LCDA).
Additionally, there has been no official statement from the Lagos State Government concerning this new tax or levy. So, we cannot confirm at this time if the levy is for only the LCDA, the LGA, or the State as a whole.
Many have expressed outrage over this development already. One Twitter user explains why there is no need for the individual POS tax.
But these Cash agents also pay commission to the POS Issuers who in return pay taxes to the Govt. So why tax them again???
— Cute_Vincent (@blue_vin92) August 15, 2020
This comes on the back of the mammoth license fee that ride-hailing companies are to pay to the Lagos State Government. There is general unhappiness as people perceive that the State is trying to snuff out small businesses or squeeze out revenue from them.
We will be back with an update when Lagos State either confirms or denies this POS operators’ tax.
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