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Finance

LIRS Extends Deadline for Employers’ Tax Returns Filing

Muhammad A. Aliyu
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Muhammad A. Aliyu
ByMuhammad A. Aliyu
Muhammad Ameer Aliyu is a prolific journalist who joined Okay News in 2015, aiming to contribute to the platform's positive growth. Currently serving as the Senior...
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Published: 2024/01/31
2 Min Read
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Lagos State Internal Revenue Service (LIRS)
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The Lagos State Internal Revenue Service (LIRS) has announced an extension for the filing of employers’ annual tax returns by one week, effective from February 1 to February 7, 2024.

The decision was made known by the Executive Chairman of LIRS, Ayodele Subair, through a public notice released by the agency on Tuesday.

The extension comes in response to the recent downtime experienced on the government’s e-tax portal, which affected the filing process for employers.

Recognizing the challenges faced by taxpayers, the LIRS opted to grant this additional week to facilitate compliance.

Under Lagos State law, the deadline for the filing of annual tax returns by companies typically falls on January 31 of each fiscal year. Failure to meet this deadline often results in stiff penalties for defaulters.

Subair urged taxpayers to seize the opportunity presented by the extension to fulfill their civic obligation promptly.

He said: “We understand that unforeseen circumstances may arise, and this extension is intended to accommodate such instances.

“We understand that unforeseen circumstances may arise, and this extension is intended to accommodate such instances,” Subair stated.

“We implore all employers of labor within Lagos State who are experiencing difficulties in filing their annual tax returns to call our customer service center or visit the help desks at our various tax stations.”

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ByMuhammad A. Aliyu
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Muhammad Ameer Aliyu is a prolific journalist who joined Okay News in 2015, aiming to contribute to the platform's positive growth. Currently serving as the Senior Editor, he plays a key role in shaping the digital news landscape.
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