LIRS REAFFIRMS MARCH 31 DEADLINE FOR FILING INDIVIDUAL ANNUAL TAX RETURNS

In accordance with provisions of the Personal Income Tax Act (PITA) Cap P8 2011 (as amended), the Lagos State Internal Revenue Service (LIRS) is notifying all individual taxpayers, including self-employed persons and employees under the PAYE Scheme to file their Annual Tax Returns on or before 31st March 2022. The obligation to file annual tax returns is stipulated in Section 41 of the Personal Income Tax Act (PITA). This provision makes it mandatory for all taxable person(s) to file a return of aggregate income from all sources for the preceding…

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