The Lagos State Internal Revenue Service (LIRS) has urged heads of companies in the state to file their annual tax returns before the statutory deadline of January 31, 2021 to avoid penalties.
A statement by the Head, Corporate Communications, Monsurat Amasa, said the penalties are stipulated under the Personal Income Tax Act (PITA) Cap P8 LFN 2011 (as amended) for defaulting employers.
It also said LIRS eTax platform launched in October, 2019 gives the taxpayers the opportunity to comply with all COVID-19 protocols, by filing their returns online.
The annual tax returns, which show each employee’s payment and tax paid in 2020, are to be filed through LIRS online portals only, as manual filing is no longer acceptable. Tax assessments, payments and other tax administration matters can also be carried out on the same platforms.
The Executive Chairman of LIRS, Mr. Ayodele Subair, stated that in the face of the prevailing realities of the COVID-19 pandemic and its effects on businesses, penalties and fines may be an additional burden on companies’ finances, and therefore urges all employers of labour to file their returns within the period stipulated by law.
The steps to file are available on all our communication channels, however, taxpayers with difficulties filing are also welcome to seek assistance with specially designated staff at our tax stations.
We have made the process simple, quick, secure and reliable for our esteemed taxpayers. We are also available on various digital platforms to assist taxpayers on the process of e-filing.
Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.
