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Lagos Affirms January 31st Deadline For Submission Of Annual Tax Returns

Lagos

By Temitope Adebayo

The Lagos state government, through the Lagos State Internal Revenue Service (LIRS) has insisted that its January 31st, 2024 deadline for all Employers of Labour to submit their annual tax returns is still sacrosanct.

The executive chairman of LIRS, Mr Ayodele Subair conveyed this in an official statement released by the agency. Subair emphasised that employers of labour with businesses located within Lagos State must adhere to the deadline, as failure to comply will result in penalties and other statutory sanctions outlined in section 81(3) of the Personal Income Tax (Amendment) Act 2011.

Subair reiterated that the exclusive platform for filing annual income tax returns in Lagos State is the LIRS e-Tax portal as manual filing is no longer permissible. He urged businesses and employers to leverage the e-Tax portal for filing, citing its user-friendly, convenient, and secure nature.

“The e-Tax portal is designed for the convenience of taxpayers, making tax transactions easily accessible from the comfort of homes and offices,” noted Subair.

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He emphasised that the Taxpayer ID is a mandatory requirement for all employers to file their annual income tax returns on the e-Tax portal. Employers within the State are advised to generate a taxpayer ID (where applicable) for their employees and to file their P.A.Y.E returns through the e-Tax portal.

To facilitate compliance and address any filing-related concerns, LIRS has designated staff at its various offices to assist taxpayers in utilizing the e-Tax portal. For additional information or inquiries, taxpayers are encouraged to visit the agency’s website.

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