Lagos will tighten taxation of the hotel and catering sector

To prevent multiple taxation in the state, the Lagos State Government has assured stakeholders in the tourism sector that preparations for harmonization of tax payments have been completed.

Commissioner for Tourism, Arts and Culture, Mrs Toke Benson-Awoyinka, said the plans would help the state government reduce the tax burden on business owners.

The Commissioner was speaking at a stakeholder event titled “Addressing current industry challenges, exploring emerging trends, understanding policy frameworks and exploring opportunities for collaboration across the entire hospitality value chain.”

She noted that the hospitality and catering sector played a key role in the economic development of the state.

She added that the State Government was committed to creating an enabling environment for the development of the hospitality sector, while calling for support to make the industry data-driven through technology and new innovations.

Benson-Awoyinka said: “Our policy framework is continually reviewed to ensure it supports growth, innovation and sustainability. We are also focusing on improving infrastructure, increasing security and promoting Lagos as a top tourist destination.

Osman’s halls

Uthman, a Mass Communication graduate from Ahmadu Bello University, Zaria, has over six years of experience in journalism. He reports crime in community news for Metro, business with a focus on the capital market and oil and gas.

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