The Lagos State Internal Revenue Service (LIRS) issued the Hotel Occupancy and Restaurant Consumption (Fiscalisation) Regulation in December 2017. The Regulation was made pursuant to the Hotel Occupancy and Restaurant Consumption Law which gives the LIRS the power to make rules and regulations for the collection and remittance of taxes, and the proper administration of the law.
The Regulation applies to all persons who own, manage or control any business, or supply any goods or services chargeable under the Hotel Occupancy and Restaurant Consumption Law. These include hotels, restaurants, nightclubs, fast food outlets, bars, and event centres. The Regulation aims to give the LIRS an oversight over all sales transactions these businesses and ensure compliance with remittance of Consumption Tax through the use of a mandatory Electronic Fiscal Device.
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