LIRS fixes Jan 31 for Lagos business owners on filling of tax returns

The Lagos State Internal Revenue Service (LIRS) has fixed January 31, 2022, as the deadline for the filing of annual tax returns by employers of labour.

The tax body noted that the filing of the annual income tax returns in the state can only be done through the e-Tax portal, which has been built for the convenience of the taxpayers.

In s press release issued and signed by the Head, Corporate Communications of LIRS, Monsurat Amasa, the announcement was made known by the Executive Chairman of LIRS, Ayodele Subair, who urged employers of Lagos residents to comply with the January 31 deadline to avoid sanctions.

According to him,  taxpayer ID of all employees is compulsory for the annual income tax returns to be successfully filed on the e-Tax portal.

The statement partly reads, ‘’The LIRS also reminds businesses and employers of labour of their statutory obligation to file annual income tax returns pursuant to section 81 (2) of the Personal Income Tax Act (PITA) Cap P8 LFN 2004 (as amended). The Act stipulates January 31st as the deadline for filing of annual income tax returns, failing which penalty accrues.

‘’The Executive Chairman of Lagos State Internal Revenue Service, Mr. Ayodele Subair urges all businesses and employers of labour resident within Lagos State, to file their annual income tax returns on or before January 31, 2022, to avoid payment of penalties as well as other statutory sanctions.

‘’The only available platform for filing of annual income tax returns in Lagos State is the LIRS e-Tax portal: https://etax.lirs.net. The e-Tax portal is built for convenience of taxpayers, is easy, convenient and safe. All businesses and employers of labour are advised to use the e-Tax portal to file their returns.

‘’Taxpayer ID of all employees is compulsory for the annual income tax returns to be successful 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.’’