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Home Economy/Technology

LIRS reaffirms Jan. 31 deadline for tax returns

Tax

The Matters Press by The Matters Press
January 22, 2023
Reading Time: 1 min read
0
FIRS deploys tech platform for tax collection

The Lagos State Internal Revenue Service (LIRS) says Jan. 31, 2023, remains the deadline for filing the annual tax returns by employers of labour.

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LIRS Chairman, Mr Ayodele Subair, made this known in a statement signed by the LIRS, Head of Corporate Communications, Mrs Monsurat Amasa on Sunday.
According to the LIRS Chairman, all businesses and employers of labour resident within Lagos State must file their annual income tax returns on or before Jan. 31.

Subair said failure to comply with the directive would attract penalties as well as other statutory sanctions as stipulated in section 81 (2) of the Personal Income Tax Act (PITA) Cap P8 LFN 2004 (as amended).

The Act stipulates Jan. 31st as the deadline for filing of annual income tax returns, failing which a penalty accrues.

“For filing the annual income tax returns in Lagos State, the only available platform is the LIRS e-Tax portal: https://etax.lirs.net; the e-Tax portal built for the convenience of taxpayers and is easy, convenient and safe.

“All businesses and employers of labour are advised to use the e-Tax portal to file their returns.

“With the e-Tax system, corporate bodies are expected to find it more convenient to carry out tax transactions in the comfort of their homes and offices.

“Taxpayer ID of all employees is compulsory for the annual income tax returns to be successfully filed on the e-Tax portal.

“Therefore, all employees and taxable persons within the State are advised to generate a taxpayer ID (where applicable) and file their individual annual income tax returns on the e-Tax portal,” Subair said.

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