The Lagos State Internal Revenue Service (LIRS) has unveiled an automated invoicing system and technology device, Electronic Revenue Assurance (ERA) system. It was at a stakeholders’ meeting held with hotel and business owners in the hospitality and tourism sector of the state at the Banquet Hall, State House, Alausa, Ikeja.
the theme, “Fiscalization of hotel occupancy and restaurant consumption tax law’’ The stakeholders’ meeting highlighted the benefit of improving profit, sustenance of cash flow and reduction in revenue leakage for hotels, restaurants, nightclubs, bars and event centers owners in Lagos state through the ERA device.
In his speech at the official unveiling of ERA, Governor Akinwunmi Ambode, represented by his deputy, Dr. Idiat Oluranti Adebule, reiterated his commitment to make Lagos state one of the largest economy and smartest cities in the world.He enjoined the residents and business owners in Lagos state to key into the new ERA by promptly paying their consumption taxes through the newly introduced technology
According to the Chairman of LIRS, Mr. Ayodele Subair: “The hotels, restaurants, nightclubs, fast food outlets, bars, event centers among others serve as agents of the government for the purpose of remittance of 5% consumption tax collected from customers through the LIRS new technology, ERA. The chairman also stated that the commencement of the new system takes effect immediately as LIRS officers will be visiting hospitality places to install the software and train their staff on the use of the new device.
The ERA is a software application/device that issues invoices and receipts to consumers bearing a unique QR code. The receipt will also contain detailing of the items and/or services ordered and an embedded automation of Consumption Tax remittance in real time.