Media Tax: Lagos State Governor, Babajide Sanwo-Olu Suspends LSFVCB Boss For Charging Content Producers 5% Tax
The Lagos State Government on Friday said it has no five percent levy on audio and visual contents of physical and digital platforms and suspended the Executive Secretary of the Lagos State Film and Video Censors Board, Bamidele Balogun.
The Lagos State Film and Video Censors Board (LSFVCB) had announced in August 2020 that all audio and visual contents produced and sold within the state would attract the payment of 5% levy on each item.
In a series of tweets by Spokesman to the Lagos State Governor, Gboyega Akosile, such a levy was not approved by the state government.
LAGOS STATE HAS NO 5% LEVY ON AUDIO AND VISUAL CONTENTS OF PHYSICAL AND DIGITAL PLATFORMS …. EXECUTIVE SECRETARY OF THE LAGOS STATE FILM AND VIDEO CENSORS BOARD SUSPENDED. #ForAGreaterLagos pic.twitter.com/7aWj6FvfCo
— Gboyega Akosile (@gboyegaakosile) September 4, 2020
“There is no levy on Audio and Visual contents of all Physical and Digital Platforms in Lagos State,” Gboyega said.
“The Government hereby dissociates itself from the said announcement in the media. The Executive Secretary, who was not authorised to make such an announcement, has been suspended, pending an administrative enquiry.”
Akosile noted that the administration was not insensitive to the fact that the entertainment and tourism industry had been badly affected by the coronavirus pandemic and would not seek to inflict more pain with taxes.
“All stakeholders in the Entertainment Industry are advised to disregard the said publication,” Akosile said.