Business & Economy News

LIRS Extends Deadline of Yearly Tax Returns Filing to February 7

Owing to the recent downtime experienced on the e-tax portal of the Lagos State Internal Revenue Service (LIRS), the agency has extended the filing of employers’ yearly tax returns by one week to February 7.

The Executive Chairman of LIRS, Ayodele Subair, conveyed the extension in a public notice released by the agency. Statutorily, filing of annual tax returns by companies expires on January 31st of each fiscal year and attracts stiff penalties for defaulters. 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 said.
Subair urged employers of labour to take full advantage of the extension to perform their civic obligation to avoid penalties.

“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,” he said.

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