Lagos State To Tax Social Media Content Producers

Yemisi Izuora

The Lagos State Film and Video Censors Board (LSFVCB) on Wednesday, August 12, announced a one-month ultimatum to content producers over taxation of their contents.

The agency’s Executive Secretary, Bamidele Balogun, made the comment while unveiling a Performing Musicians Employers Association (PMAN) project on revenue generation for entertainers in Lagos.

He advised practitioners involved in production, sale, distribution of audio and visual products “to register through the board’s authorized agent within 30 days.”

“Henceforth, all audio and visual contents produced and sold within the state shall attract the payment of five percent levy on each item”, Balogun declared.

He warned that violators of the registration would face severe sanctions and appealed to stakeholders in the entertainment sector to comply with its directive.

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