January 31 deadline for filing annual tax returns, to impose penalties, sanctions – LIRS

The Lagos State Internal Revenue Service (LIRS) has established  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.

According to a press statement issued and signed by the Head, Corporate Communications of LIRS, Monsurat Amasa, this was made known by the Executive Chairman of LIRS, Ayodele Subair, who urged employers of Lagos residents to comply with the January 31 deadline to avoid payment of penalties as well as other statutory sanctions.

The statement partly reads, ‘’The LIRS also reminds businesses and employers of labour of their statutory obligation to file annual income tax returns pursuant to section 81 (2) of the Personal Income Tax Act (PITA) Cap P8 LFN 2004 (as amended). The Act stipulates January 31st as the deadline for filing of annual income tax returns, failing which penalty accrues.

‘’The Executive Chairman of Lagos State Internal Revenue Service, Mr. Ayodele Subair urges all businesses and employers of labour resident within Lagos State, to file their annual income tax returns on or before January 31, 2022, to avoid payment of penalties as well as other statutory sanctions.