Finance

LIRS reaffirms March 31 deadline for filing individual annual tax returns

LIRS reaffirms deadline for filing annual tax returns

The Lagos State Internal Revenue Service (LIRS) has notified all individual taxpayers, including self-employed persons and employees under the PAYE Scheme to file their Annual Tax Returns on or before March 31, 2022.

This it said in a statement is in accordance with provisions of the Personal Income Tax Act (PITA) Cap P8 2011 (as amended).

“The obligation to file annual tax returns is stipulated in Section 41 of the Personal Income Tax Act (PITA). This provision makes it mandatory for all taxable person(s) to file a return of aggregate income from all sources for the preceding year with the State tax authority in which they are deemed resident within 90 days from the commencement of every new year of assessment, “it stated.

Read:  Unitrust posts N802.19m profit

The Executive Chairman of LIRS, Mr. Ayodele Subair in the statement urged all individual taxpayers, including self-employed persons and employees under the PAYE Scheme in Lagos State to file their annual tax returns on or before March 31, 2022, to avoid payment of penalties as well as other statutory sanctions.

Read:  Nigerian Exchange launches new corporate identity

He also emphasized that filing of tax returns in Lagos State can only be done on the LIRS e-Tax portal.

“It is therefore mandatory for all taxable persons in the State to register on the e-Tax portal. The e-Tax portal is built purposely for the convenience of taxpayers. It is easy, convenient, and safe, “he said.

Read:  Ecobank announces first set of weekly beneficiaries in Super Rewards Season 2

Thisday

Related posts

e-dividend portal to be automated by Q3 2022 –SEC

NigGal

Subsidy removal, forex unification key to growing Nigeria’s economy

NigGal

Three African startups valued at $1bn founded by young Nigerians — NESG

NigGal

Q3 2021: Fidelity Bank’s profit up 31.4% as deposits hit N1.973trn

NigGal

FG suspends issuance of passport booklets till June 1

NigGal

7 Nigerian entrepreneurs to participate at endeavor programme

NigGal

Leave a Comment