The Lagos State Internal Revenue Service (LIRS) has officially notified individual taxpayers, including self-employed individuals and employees under the Pay As You Earn (PAYE) Scheme, to submit their Annual Tax Returns by March 31, 2024. Mr. Ayodele Subair, the Executive Chairman of LIRS, emphasized that this directive is in accordance with the provisions of the Personal Income Tax Amendment Act Cap P8 2011. Section 41 of the Amendment Act mandates taxable entities to submit returns reflecting their total income from the previous fiscal year within 90 days of the commencement of each new assessment year.
Subair highlighted the significance of adhering to the deadline, urging all eligible taxpayers in Lagos State to fulfill their obligations by the stipulated date to avoid penalties and other statutory consequences. He emphasized that tax returns should be exclusively submitted through the LIRS eTax portal, which is designed to provide ease, convenience, and security to taxpayers.
In further support of taxpayer compliance, Subair assured that dedicated tax officers are available at various tax stations to assist individuals in completing online registration and tax return submissions via the eTax portal. This proactive approach aligns with LIRS’s commitment to facilitating a seamless and efficient process for taxpayers in Lagos State.
