The Lagos State Inside Income Service has issued a proper discover to all particular person taxpayers, together with self-employed individuals and staff below the Pay As You Earn Scheme, to file their annual tax returns on or earlier than March 31, 2024.
The Government Chairman, LIRS, Mr. Ayodele Subair, disclosed this on Sunday in an announcement signed by the Head of Company Communications, Monsurat Amasa-Oyelude.
Subair mentioned the measure was in step with the provisions of the Private Earnings Tax Modification Act Cap P8 2011.
“Underneath Article 41 of the Modification Act, all taxable entities shall, inside 90 days from the start of every new tax 12 months, file a return with the related state tax authority exhibiting their complete earnings from all sources for the earlier tax 12 months,” the manager chairman mentioned. mentioned.
He additional harassed the significance of adhering to the deadline and urged all particular person taxpayers, together with self-employed individuals and staff below the PAYE scheme in Lagos State, to satisfy their obligation earlier than the stipulated date to keep away from fines and different statutory forestall penalties.
Whereas emphasizing that tax returns ought to be filed completely by means of the LIRS eTax portal, the LIRS boss mentioned all taxable entities in Lagos State should register on the eTax portal, “which is designed to supply taxpayers with ease, comfort and safety supply.”
“In furtherance of our dedication to ease compliance for taxpayers, devoted tax officers can be found at our numerous tax stations to help people in finishing on-line registration and tax returns by means of the eTax portal,” Subair added.
