Lagos state government announces January 31st as deadline for employers to submit annual tax returns

Business

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The Lagos State Internal Revenue Service (LIRS) has communicated a reminder to all Employers of Labour to submit their annual tax returns on or before the stipulated deadline of January 31, 2024, said to be in accordance with applicable tax legislation.

Penpushing reports that Head, Corporate Communications of the Internal Revenue Service Monsurat Amasa-Oyelude made this known in a statement on Sunday, explaining that the Executive Chairman of the agency Ayodele Subair, conveyed this in an official statement released by the agency.

The statement added that Subair emphasized 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.

Penpushing further reports that Subair reiterated that the exclusive platform for filing annual income tax returns in Lagos State is the LIRS e-Tax portal: https://etax.lirs.net, as manual filing is no longer permissible.

The statement emphasized that the Lagos State Internal Revenue Service (LIRS) urged businesses and employers to leverage the e-Tax portal for filing, citing its user-friendly, convenient, and secure nature, explaining that the e-Tax portal is designed for the convenience of taxpayers, making tax transactions easily accessible from the comfort of homes and offices.

Penpushing also reports that Subair emphasized that the Taxpayer ID is a mandatory requirement for all employers to file their annual income tax returns on the e-Tax portal, stressing that 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: www.lirs.gov.ng, follow LIRS on social media platforms: @lirsgovng, reach out via email at etaxinfo@lirs.net, or contact the LIRS customer care: 0700CALL LIRS (0700-2255-5477)’, the statement said.

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