The Lagos State Internal Revenue Service (LIRS) has reminded all employers in Lagos State to file their annual tax returns for the 2024 financial year on or before January 31, 2025. This statutory obligation is mandated under the Personal Income Tax Act (PITA) Cap P8 LFN 2004 (as amended).
In a statement, Dr. Ayodele Subair, Executive Chairman of LIRS, emphasized that compliance with the deadline is a legal requirement. Failure to meet it will attract statutory penalties as stipulated by law.
Under Section 81 of PITA, employers must submit annual returns detailing all emoluments paid to employees, along with taxes deducted and remitted, no later than January 31 each year. These returns cover income and taxes for the preceding year.
“Timely filing of annual tax returns is crucial to avoid penalties and support Lagos State's fiscal sustainability,” Dr. Subair said. “We urge employers to prioritize compliance to ensure accurate revenue tracking.”
To streamline the process, LIRS requires all returns to be filed digitally through the e-Tax portal at https://etax.lirs.net. Manual submissions are no longer accepted. The platform is designed to be secure, user-friendly, and efficient, making it easier for employers to fulfill their tax obligations.
Employers must include the Payer ID of all employees in their submissions. Employees without a Taxpayer ID are encouraged to generate one on the e-Tax portal to avoid disruptions.
LIRS has deployed support staff across its offices to assist employers with navigating the platform and addressing any challenges. Employers are advised to act promptly to ensure full compliance by the January 31 deadline.
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