The Federal Government has announced plans to charge Value Added Tax (VAT) on lottery and gaming activities and automate collection from operators in the Lottery Sector. This was announced on Monday in Lagos at a stakeholders’ engagement session with lottery and gaming operators. The session, organized by the Federal Inland Revenue Service (FIRS) in conjunction with the National Regulatory Commission (NLRC), had in attendance top brass of the revenue agency, led by FIRS Chairman, Mr. Tunde Fowler; Mr. Lanre Gbajabiamila, NLRC Director-General; representative of the Senate Committee Chairmen on Sports, representative of the Chairman, House Committee on Governmental Affairs; and industry operators.
FIRS to charge VAT on lottery, betting, automate collection
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