The Lagos State Internal Revenue Service (LIRS) reminds all individual taxpayers, including self-employed individuals, those in the informal sector, and employees under the Pay-As-You-Earn (PAYE) scheme, to submit their Annual Tax Returns on or before March 31, 2025. This directive is in accordance with the Personal Income Tax Act (PITA) 2004 as amended. Mr. Ayodele Subair, Executive Chairman of LIRS, emphasized that under Section 41 of the Act, all taxable persons must submit a comprehensive return detailing their total income from all sources for the previous fiscal year (January 1st…
Read MoreLIRS URGES TAXPAYERS TO MEET MARCH 31 DEADLINE FOR ANNUAL TAX RETURN SUBMISSION
