Connect with us

    Hi, what are you looking for?

    Business

    LIRS Urges Taxpayers to Meet March 31 Deadline for Annual Tax Return Submission

    Lagos State Internal Revenue Service (LIRS) reminds all individual taxpayers, including self-employed individuals, those in the informal sector, and employees under the Pay-As-You-Earn (PAYE) scheme, to submit their Annual Tax Returns on or before March 31, 2025.

    This directive is in accordance with the Personal Income Tax Act (PITA) 2004 as amended.

    Mr. Ayodele Subair, Executive Chairman of LIRS, emphasized that under Section 41 of the Act, all taxable persons must submit a comprehensive return detailing their total income from all sources for the previous fiscal year (January 1st to December 31st 2024, in this case) to the relevant state tax authority within 90 days of the commencement of the new assessment year.

    Mr. Subair reiterated the importance of adhering to the deadline, urging taxpayers to fulfill their statutory obligations promptly to avoid penalties and other legal consequences. He also highlighted that tax returns must be submitted exclusively through the LIRS eTax portal, accessible at https://etax.lirs.net. The portal is designed to offer taxpayers convenience, security, and ease of compliance.

    “In line with our commitment to simplifying the tax filing process, dedicated tax officers are available at our various tax offices to assist individuals with online registration and tax return submissions via the eTax portal,” stated Mr. Subair.

    For further assistance and tax-related inquiries, taxpayers can contact the LIRS Customer Service Center at 0700 CALL LIRS (0700 2255 5477) or email [email protected], individuals can connect with LIRS through its official social media channels or visit www.lirs.gov.ng for more information.

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    Oil and Gas

    Leading oil and gas experts in Nigeria have called for the full adoption of digital technologies to overcome the complex challenges facing the country’s...

    News

    Russia’s Finance Ministry announced on Wednesday, September 24, that it plans to raise the country’s value-added tax (VAT) to help finance the ongoing war...

    Tech

    Lagos State has reaffirmed its position as Africa’s leading technology and innovation hub following the successful hosting of the GITEX Nigeria Tech Expo, Future...

    News

    The United States has reversed its visa restrictions on Ghana after the West African country agreed to accept west Africans deported by the United...