Federal Government of Nigeria's decision on tenament rate!

Image result for picture of tenament rate

This will definitely come as a good news to hoteliers especially, as the Federal Government has suspended the payment of tenement fees.

Hotels in Nigeria have been finding it difficult to meet up with their tax payment as a result of multi taxation. Currently, they are billed about 41 taxes of which some are duplicated.

With this current development, the pressure on hotel owners will reduce.

It was stated that the Legislators will look into the bill and decide how they can be harmonized.

Hopefully the hotels will start breaking even when this decision comes through.

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