There is no better combination of impact than diligence with skill. The people of Lagos State have picked up a gem this time in the person of Ayodele Subair, the Executive Chairman of the Lagos State Internal Revenue Service (LIRS). With Subair making moves left and right, it is only a matter of time before Lagos takes the lead in developing sustainable tax initiatives among Nigerian states.
Subair’s expertise is being put to great use at LIRS. The state government is enjoying praises from every corner on this account, as Subair and his team roll out more initiatives to counteract the gaps in the state’s taxation engine. Given the breakneck speed for the implementation of these initiatives, Nigeria as a whole might usher in a new era in levies and tariff models.
Subair’s latest initiative rollout revolves around the collection of the Hotel Occupancy and Restaurants Consumption Tax (HORCT). According to reports, LIRS has arranged a modernisation of this tax process, duly employing available technological measures for this upgrade.
Named the Eco Fiscal System (EFS), the upgrade to HORCT includes an automated solution for invoicing for involved businesses. These include hotels, event centres, restaurants, bars, and other facilities in Lagos. With this upgrade, the tax process will be easier, ensuring greater compliance with the state’s tax laws.
This achievement from Subair is well-thought-out. Informed observers are already praising it for being the biggest addition to LIRS in recent years, indicating a significant change in the way things are done. But this is expected since Subair’s erudition cannot go to waste, the same with his experience.
Given the pace at which Subair is transforming LIRS for the better, Lagos is set to climb to the peak with no other state to compare with it on the subject of tax compliance and convenience.