LAGOS – The Lagos Internal Revenue Service (LIRS) has extended the deadline for filing of annual returns from March 31 to May 31.
According to a statement signed by Monsurat Amasa, head of corporate communications, LIRS took the decision owing to the coronavirus pandemic that has disrupted businesses and economic lives of people across the word.
“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”, the statement said.
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”, the statement quoted him as saying.