{"id":84402,"date":"2021-09-20T08:03:16","date_gmt":"2021-09-20T07:03:16","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=84402"},"modified":"2021-09-20T08:03:16","modified_gmt":"2021-09-20T07:03:16","slug":"we-are-collecting-consumption-tax-not-vat-ondo-tells-residents","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/09\/20\/we-are-collecting-consumption-tax-not-vat-ondo-tells-residents\/","title":{"rendered":"We are collecting consumption tax not VAT, Ondo tells residents"},"content":{"rendered":"<p>Government of Ondo state has disclosed that it has begun the collection of consumption tax from residents in a bid to boost internally generated revenue (IGR).<\/p>\n<p>The executive chairman of the Ondo State Internal Revenue Service (ODIRS), Tolu Adegbite further clarified that\u00a0consumption tax is different from value-added tax (VAT).<\/p>\n<p>According to Adegbie,\u00a0the consumption tax law was passed by the Ondo house of assembly and signed into law in 2019, however, its implementation was suspended in 2020 due to the <a href=\"https:\/\/en.wikipedia.org\/wiki\/COVID-19\" target=\"_blank\" rel=\"noopener\"><strong>COVID-19<\/strong><\/a>\u00a0pandemic that disrupted economic activities.<\/p>\n<p>\u201cThe implementation of consumption tax law has started now. We have written to hotels in the state but some are still confused saying that this tax is the same as <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/09\/18\/vat-how-zamfara-taraba-others-suck-lagos-rivers-to-survive\/\">VAT<\/a>,\u201d he said.<\/p>\n<p>\u201cThey are not. While they may both be a consumption tax. One is based on sales while the other is on value on transaction. This is only for hotels and restaurants.<\/p>\n<p>\u201cSo those hotels writing to us that VAT case is in court should know that this one is not in court. It\u2019s not subjected to litigation.\u201d<\/p>\n<p>On VAT collection, Adegbie said since the legal battle is\u00a0already in the supreme court, Ondo would implement whatever the law says.<\/p>\n<p>\u201cWe will implement the law that has been passed by the state and we have done our research and we have passed our observation and at the appropriate time, the government will take a decision,\u201d he added.<\/p>\n<p>\u201cBut if the VAT case is won in court in favour of the state, what happens? It means that we will be collecting VAT.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Government of Ondo state has disclosed that it has begun the collection of consumption tax from residents in a bid to boost internally generated revenue (IGR). The executive chairman of the Ondo State Internal Revenue Service (ODIRS), Tolu Adegbite further clarified that\u00a0consumption tax is different from value-added tax (VAT). According to Adegbie,\u00a0the consumption tax law [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":76900,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[18262,92,8084,15406],"class_list":["post-84402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-consumption-tax","tag-ondo","tag-residents","tag-vat"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>We are collecting consumption tax not VAT, Ondo tells residents<\/title>\n<meta name=\"description\" content=\"Government of Ondo state has disclosed that it has begun the collection of consumption 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