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Uber, Bolt customers to pay more as Lagos introduces new taxes

By Uchechi Ojo August 13, 2020384 views

Customers are set to pay more for ride-hailing services such as Uber and Bolt due to a new regulation being introduced by the Lagos State Government which is set to come into effect on August 20, 2020.

According to the document, all operators of e-hailing taxi service must pay the state government 10 per cent service tax on each transaction paid by passengers to the operators.

The new policy also mandates all e-hailing taxi firms to pay N25 million yearly to the state government per 1,001 vehicles for an operational licence while they will pay N10 million yearly for renewal on every 1, 001 cars in their pool.

The state government also makes it compulsory for all ride-hailing services to make its database accessible to the government.

Uchechi Ojo

Uchechi Ojo, is a Lagos-born and based writer, newscaster and voice-over artist. A versatile and committed journalist with the yearning to make a difference in the industry. She writes balanced, informative and interesting stories. Uchechi has the ability to interact and listen with rapt attention, excellent time management and great communication skills while paying attention to detail. She is very approachable and a good team player. Instagram | LinkedIn