Rates of  IMI (Council Tax) – Lagos 2010

By deliberation of the Municipal Assembly of Lagos (Deliberation nº 96/AM/2009) the rates of the Council Tax for 2010 were fixed, according to nº 1 of article 112 of the Law-Decree nº 287/03, of 12/11 in:

Urban Properties – 0,65%

Urban Properties valued under the terms of CIMI – 0,35%

To the lands, is applied a rate of 0,8%, nationally.

In case of a mixed property (composed by a land and an urban property), the respective rate will be applied to the patrimonial value of each part.

The properties owned by entities with fiscal domicile in a country, territory or region subject to a fiscal regime clearly more favourable, part of the list approved by the Administrative Rule 150/2004, of 13 of February, rectified by declaration of rectification nº 31/2004, of 23 of March, usually named “offshores”,  are taxed by the rate of 1% on any kind of property owned, this rate will be raised to 2% in case of urban properties that have been uninhabited for over a year.