9th March, 2012
Mainstreet Bank Limited has been given the mandate to collect Land Use Charges for Lagos State Government.
Land Use Charge is a levy imposed on owners of properties in Lagos State which is expected to be remitted to the state government. The land Use Charge Law is a new parliamentary instrument which replaces all existing state and local government taxes on real estate in Lagos State.
The mandate comes on the heels of a recent one from the Federal Inland Revenue Services (FIRS) which gave the bank the opportunity to deploy its vast network of branches across the country to make the payment of taxes and other revenues easier for Nigerians.
All properties in Lagos State are subject to Land Use Charges with the exemption of government owned properties or those owned by the public, religious or charity organisations.
Since this recent development, Mainstreet Bank is reported to have stepped up arrangements to ensure that everything is in place to facilitate collections.
“We are offering reliable infrastructure and other resources to ensure quick, efficient and instantaneous issuance of e-receipt on all payments,” volunteered a source within the bank who spoke under anonymity.
According to him, all branch offices of the bank in Lagos State have been adequately prepared on how best to handle enquiries related to the completion of the IGR forms that have been customized for this purpose.
The charges are reported to vary from land to land depending on the expert views of the Lagos State Land Use Authorities at any given point in time.