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Tag Archives: Land use charge

Anambra Government Seals 35 Buildings For Tax Evasion

Anambra Govt. Seals 35 Buildings For Tax Evasion

The Anambra Government on Thursday sealed-off no fewer than 35 buildings in the industrial town of Nnewi for the refusal of the owners to pay property rate of over N150 million. The News Agency of Nigeria (NAN) reports that the buildings include commercial banks, hotels, business plazas, filling stations, hospitals, residential homes as well as primary and secondary schools. Chinenye ...

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Property Owners Seek Reduction In N25, 000 Levy On Residential Premises

Property Owners Seek Reduction In N25, 000 Levy On Residential Premises

Representatives of Ijapo Estate Landlords Association, real estate practitioners, others have asked for reduction in the proposed from N25, 000 levy on residential premises. Plans by the Ondo State government to commence implementation of Land Use Charge to shore up its internal generated revenue have been applauded by the representatives of landlords/property owners, who agreed that the payment of taxes ...

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PROPERTY TAX; How much do you know?

Property tax

Taxes are known to be levies paid by citizens of a community for the services provided such as town halls, markets, roads, electricity e.t.c. The existence of taxes dates way back to the ancient communities where people pay either tribute or sweat tax to the local chiefs. Since the discovery of crude oil in the early 1960’s in Nigeria, the ...

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Land use charge “FAQ’S”

The Lagos state land use charge law was instituted on 22nd June, 2001 to replace the old tenement rate. The land use charge is designed to help the government generate additional revenue needed to develop the state in the light of increasing demand for provision of urban and rural infrastructures and other expenditure while a population that grows at an ...

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Lagos State land use charge law

The Lagos state land use charge law was instituted on 22nd June, 2001 to  replace the old tenement rate. The land use charge is designed to help the government generate additional revenue needed to develope the state in the light of increasing demand for provision of urban and rural infrastructures and other expenditure while a population that grows at an ...

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