Tag: Tax on Gaming

  • Lagos State Introduces 5% Tax on Gaming Winnings

    Lagos State Introduces 5% Tax on Gaming Winnings

    —

    by

    Starnews NG
    in

    By George Omagbemi Sylvester The Lagos State Government has commenced the deduction of a five per cent withholding tax on gaming and betting winnings, marking a decisive shift in the fiscal regulation of Nigeria’s rapidly expanding gambling industry. The policy, implemented through the Lagos State Internal Revenue Service in collaboration with the Lagos State Lotteries…