Lagos orders firms to file tax returns before Jan 31 or risk penalties

Firms based in Lagos State have been given till January 31, 2022, to file their annual tax returns by the State Internal Revenue Service or risk penalties for late payment.

This was disclosed in a statement signed on Tuesday by Monsurat Amasa, the Head of Corporate Communications, Lagos State Internal Revenue Service (LIRS).

Part of the statement read:

“The agency 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 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 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 the convenience of taxpayers. It 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 successfully filed on the e-tax portal.