The Governor of Lagos State, Babajide Sanwo-Olu has signed the state’s Value Added Tax (VAT) Bill into law.
Gbenga Omotosho, State Commissioner for Information revealed this in a statement on Friday.
“Lagos State Governor Babajide Sanwo-Olu has signed into law the State VAT Bill as passed by the House of Assembly.
“The Governor signed the ‘bill for a law to impose and charge VAT on certain goods and services’ at about 11.45am today, after returning from an official trip to Abuja. By this act, the Bill has now become a Law,” Omotoso said.
The Lagos State House of Assembly had on Thursday unanimous passed the bill.