Business
No deadline extension for individual annual tax returns defaulters – LIRS
The Lagos State Internal Revenue Service (LIRS) has announced that there is no plan to extend the deadline for filing individual annual tax returns beyond its statutory date of March 31.
The Executive Chairman, Mr. Ayodele Subair made this known at the LIRS headquarters, Alausa, Ikeja advised all individual taxpayers, including self-employed persons and employees under the PAYE Scheme in Lagos State to take advantage of the remaining days in March to file their annual tax returns to avoid payment of penalties, as well as other statutory sanctions, which may include prosecution.
According to him, the obligation to file annual tax returns is stipulated in Section 41 of the Personal Income Tax Act (PITA). The provision makes it mandatory for all taxable person(s) to file a return of aggregate income from all sources for the preceding year with the State tax authority in which they are deemed resident within 90 days from the commencement of every new year of assessment.
READ ALSO: VAT war: Lagos joins Rivers, insists on VAT collection by LIRS
He stated that LIRS has in the last 3 months engaged taxpayers, using various mediums to remind them of their statutory obligations as provided in the Personal Income Tax Act (PITA) Cap P8 2011 (as amended), warning that the agency is therefore set to use the full weight of the law in ensuring taxpayers who fail to meet this obligation are brought to book.
The LIRS boss reiterated, “Filing of tax returns in Lagos State can only be done on the LIRS eTax portal using: https://etax.lirs.net. It is therefore mandatory for all taxable persons in the State to register on the eTax portal, which is built purposely for the convenience of taxpayers. eTax is easy, convenient and safe.”
As part of the Agency’s quest to ease compliance obligations for taxpayers, tax officers have been designated at various tax stations to assist individuals to carry out online registration and filing of tax returns on the e-Tax portal.
-
Latest1 week agoPastor Chris Oyakhilome announces mother’s passing at 88 [VIDEO]
-
Football5 days agoHow David Beckham made $51.1m from 2026 World Cup, surpassing winners’ prize
-
Latest2 days agoUS Immigration fees rise from October 16 as USCIS announces new charges
-
Comments and Issues6 days agoFani-Kayode on Atiku: Separating claims from the record
-
Latest1 week agoHow adulterated palm oil, coloured pepper are putting consumers at risk
-
Crime1 week agoDeaths in NSCDC Custody: Can Nigeria guarantee the safety of detainees?
-
Health5 days agoCOVID-19 Hospital care under scrutiny as US Senate hears patient, family testimonies
-
Business5 days agoOpenAI shelves GPT-6.1 astra release over safety concerns