The Lagos State Internal Revenue Service (LIRS) has issued a formal reminder to all individual taxpayers, including self-employed individuals, those in the informal sector, and employees under the Pay-As-You-Earn (PAYE) scheme, to submit their Annual Tax Returns by March 31, 2025.
This directive aligns with the provisions of the Personal Income Tax Act (PITA) 2004 (as amended).
Mr. Ayodele Subair, Executive Chairman of LIRS, emphasized that compliance with Section 41 of the Act requires all taxable individuals to submit a comprehensive tax return detailing their total income from all sources for the previous fiscal year—covering January 1 to December 31, 2024—within 90 days of the commencement of the new assessment year.
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Mr. Subair underscored the significance of timely compliance, urging taxpayers to fulfill their statutory obligations to avoid penalties and potential legal repercussions.
He further stressed that all tax returns must be submitted exclusively through the LIRS eTax portal at https://etax.lirs.net, which provides a seamless, secure, and efficient platform for tax compliance.
“In line with our commitment to simplifying the tax filing process, dedicated tax officers are available at our various tax offices to assist individuals with online registration and tax return submissions via the eTax portal,” stated Mr. Subair.