The Lagos State Internal Revenue Service has urged all taxable persons in Lagos State to file their individual annual tax returns for 2021 year of assessment in accordance with the provisions of Section 41 of the Personal Income Tax Act LFN 2004 as amended.
It said this in a statement on Thursday signed by the Head, Corporate Communications, Monsurat Amasa, and titled ‘LIRS charges all taxable residents of Lagos State to voluntarily file their returns for 2021 year of assessment’.
It stated that the individual tax returns were to be filed in accordance with the provisions of the tax law, section 41 (1) (3).
The LIRS said, “For each year of assessment, a taxable person shall without notice or demand file a return of income in the prescribed form containing the required information with the tax authority of the state in which the taxable person is deemed to be a resident together with a true and correct statement in writing containing:
“A taxable person shall file with the relevant tax authority the returns as stipulated in this section within 90 days from the commencement of every year of Assessment (31st March).”
The Executive Chairman, LIRS, Mr Ayodele Subair, said, “The statutory deadline to file Individual Tax Return is March 31, 2021 and is just two weeks away.
“Therefore, I urge all taxable residents in Lagos State to comply with the tax laws and file on time, to avoid penalties and interests which may accrue against defaulters.”
Given the safety protocols in Lagos State necessitated by the COVID-19 pandemic, LIRS urged all individual taxpayers residing in Lagos State to prepare and submit their Personal Income Tax returns via the electronic filing system module of the eTax platform, introduced to make the filing process seamless and timely.
In this article: