Lagos State 5% Consumption Tax Invalidated by Court of Appeal

*Hospitality Sector:*

Pls note that, the only principal tax on consumption of goods & services, is VAT

Therefore, taxes such as lagos state 5% consumption tax on goods purchased from:

Eateries, Hotels, and Event Centres is INVALID

**Consumption tax of 5% on goods and services invalidated by Court of Appeal (COA)

Adebowale Abikoye & Co
(Chartered Accountants)/Chartered Tax Practitioner