LIRS shifts deadline for annual returns filing to May 31st
In view of the coronavirus pandemic altering socio-economic activities around the world and as part of the on-going efforts to mitigate the effect on businesses and taxpayers, the Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing of Annual Returns for Individual taxpayers including self-employed persons for two (2) months from April 1 to May 31, 2020.
Statutorily, the filing of annual returns expires on the March 31st of every fiscal year, and attracts stiff penalties for defaulters. With this extension as announced by LIRS, taxpayers are given a breather.
According to the Chairman of Lagos State Internal Revenue Service Mr. Ayodele Subair, the extension of deadline of the Annual Returns is in response to appeals made by taxpayers as well as a policy shift by the agency to assuage the effect of COVID-19 on the taxpayers and residents of Lagos State. “We implore the taxpayers to access our eTax platform for all tax operations and administration matters, including filing of annual returns from the comfort of their homes and offices. They can do this, by simply logging on to the eTax platform via https://etax.lirs.net or calling our Customer Care Centre on 0700 CALL LIRS (070022555477)’’ he concluded.
While further updates on business operations and alternative payment platforms of the service can be obtained by visiting the LIRS website, (www.lirs.gov.ng), and its various social media handles, the management and staff of LIRS appeal to the residents of Lagos State to support the efforts of the Lagos State Government ably led by Mr. Babajide Sanwoolu by adhering strictly to the COVID-19 safety guidelines as issued by relevant health authorities.
Call 0803 239 3958 for free financial consulting advice for your businesses.
Send your accounting articles to blog@skytrendconsulting.com.
READ ALSO!
Scammers hack UBA server, cart away N752m
Businesses With Less Than N25m Turnover Are Now VAT Exempt
Scammers hack UBA server, cart away N752m
How to get quick loans from Gtbank, Zenith, UBA, Access Bank without collateral
Access Bank non-collateralized emergency loan hits N1bn daily: How you can benefit…
VAT threshold of N25m: All you need to know
PAYE: How to calculate personal income tax
Skytrend Consulting: Financial services and accounting solutions company
VAT on online purchases: 8 Critical things you must know
READ ALSO! TraderMoni: Poverty Alleviation Or Political Leverage?
