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The Lagos State Internal Revenue Service (LIRS) has extended the deadline for the filing of employers’ annual tax returns to February 7, 2024.
Typically, the deadline for companies to submit annual tax returns is January 31 each fiscal year, with penalties applicable for those who default.
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The extension is a response to recent downtime experienced on the e-Tax portal, offering taxpayers additional time to ensure the timely submission of their annual tax returns.
Ayodele Subair, the Executive Chairman of LIRS, stressed the importance of employers taking advantage of this extension to fulfill their civic obligations and avoid potential penalties outlined in section 81(3) of the Personal Income Tax (Amendment) Act 2011.
Subair encouraged employers in Lagos State facing difficulties in filing their annual tax returns to utilize the extension and seek assistance from the customer service center or visit help desks at various tax stations.
The decision to extend the deadline acknowledges unforeseen circumstances that may arise, aiming to accommodate such instances while maintaining compliance with tax regulations.
Subair urged employers to adhere to the revised deadline to avoid penalties and ensure statutory compliance. Earlier, on January 23, LIRS had reported a temporary downtime on its e-Tax platform, and efforts were underway to resolve the technical issue.
