The Lagos State Internal Revenue Service (LIRS) has insisted that the deadline for the filing of annual tax returns by employers of labor remains January 31, 2023.
According to a statement signed by the head, of Corporate Communications of LIRS, Monsurat Amasa, this was made known by the Executive Chairman of the service, Ayodele Subair.
Subair said all businesses and employers of labour residents within Lagos State must file their annual income tax returns on or before January 31, 2023.
Failure to comply attracts sanctions
The LIRS Executive Chairman noted that failure to comply with the directive would attract penalties as well as other statutory sanctions as stipulated in section 81 (2) of the Personal Income Tax Act Cap P8 LFN 2004 (as amended).
He explained that the Act stipulates January 31 as the deadline for filing of annual income tax returns, failing which a penalty accrues.
- Subair said, “For filing the annual income tax returns in Lagos State, the only available platform is the LIRS e-Tax portal. The e-Tax portal is built for the convenience of taxpayers and is easy, convenient, and safe. All businesses and employers of labour are advised to use the e-Tax portal to file their returns.
- “With the eTax system, corporate bodies are expected to find it more convenient to carry out tax transactions in the comfort of their homes and offices.’’
He said taxpayer ID of all employees was compulsory for the annual income tax returns to be successfully filed on the e-Tax portal.
- He added, “All employees and taxable persons within the state are advised to generate a taxpayer ID and file their individual annual income tax returns on the e-Tax portal.’’
For catch up
- Recall that in a similar circumstance, the LIRS had last year announced January 31, 2022, as the deadline for the filing of annual tax returns by employers of labour.
- The LIRS said that the filing of the annual income tax returns in the state can only be done through the e-Tax portal, which has been built for the convenience of the taxpayers.
- This was later extended to March 31, 2022.
The transparency in effecting of personal income tax as provided by the Lagos State Board of Internal Revenue Service via the tax portal tells & shows a lot which other SBIR across the country should emulate.