LIRS extends deadline for filing annual tax returns

The Lagos State Internal Revenue Service, LIRS, has extended the filing of employers’ annual tax returns by one week starting Monday, February 1.

 

The move is in a view of the recent downtime experienced on the e-tax portal.

 

Executive Chairman of LIRS, Mr. Ayodele Subair, who conveyed the extension in a public notice, said statutorily, the filing of annual tax returns by companies expires on January 31st of each fiscal year and attracts stiff penalties for defaulters.

But he now stated: “Taxpayers are hereby advised to take advantage of this extension to perform their civic obligation. This extension is aimed at providing taxpayers with additional time to ensure accurate and timely submission of their annual tax returns.”

Subair urged employers of labour to take full advantage of the extension to perform their civic obligation to avoid penalties and other statutory sanctions outlined in section 81(3) of the Personal Income Tax (Amendment) Act 2011.

“We understand that unforeseen circumstances may arise, and this extension is intended to accommodate such instances. We implore all employers of labour within Lagos State, who are experiencing difficulties in the filing of their annual tax returns to call our customer service centre or visit the help desks at our various tax stations. “It is important to adhere to the revised deadline to maintain compliance and avoid any potential penalties.”