Sanwo-Olu set to tax Lagos remote workers N200bn

The Lagos government has unveiled plans to raise its Internally Generated Revenue by expanding its income tax net to include remote workers in the state. 

The state government disclosed that it intends to achieve this by leveraging digital solutions and expanding to four major sectors.

One of the sectors through which the state plans to raise its internal revenue is by introducing a Resident Global Digital Citizen Tax Management System, targeting remote workers, foreign firms, and digital influencers (content creators).

The sector will involve the accreditation and licensing of digital economy operators, supported by a robust platform that includes e-portal, marketplace, and recovery platforms.

In the synopsis for the Eko Revenue Plus Summit, scheduled from September 25 to 26, 2024, under the theme “Unlocking New Revenue Streams for Lagos State” the estimated budget to implement the initiative is N250m.

The budget covers portal construction, data mining, partnerships, stakeholder engagements, and communications.

“Increasing Lagos State IGR to 5 Trillion Naira in the life of the current administration requires a comprehensive and innovative approach that leverages technology, strengthens tax administration, expands the tax base and explores new revenue stream options, especially in the non-tax areas, while optimizing the existing processes,” the document read partly.