Taxpayers warned: LIRS March 31 deadline for annual tax returns looms

Stanley Ihedigbo

Lagos State Internal Revenue Service (LIRS) has issued a reminder to all individual taxpayers in the state, including the self-employed and those in the informal sector, to file their Annual Tax Returns by March 31, 2025, to avoid penalties and ensure compliance with tax regulations.

According to the Head of Corporate Communications, Monsurat Amasa-Oyelude, the directive by the Personal Income Tax Act (PITA) 2004 as amended.

Executive Chairman of LIRS, Mr. Ayodele Subair, 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 to December 31st 2024, in this case) to the relevant state tax authority within 90 days of the commencement of the new assessment year.

Subair reiterated the importance of adhering to the deadline, urging taxpayers to fulfill their statutory obligations promptly to avoid penalties and other legal consequences. He also highlighted that tax returns must be submitted exclusively through the LIRS eTax portal, accessible at https://etax.lirs.net. The portal is designed to offer taxpayers convenience, security, and ease of compliance.

“In line with our commitment to simplifying the tax filing process, dedicated tax officers are available at our various tax offices to assist individuals with online registration and tax return submissions via the eTax portal,” stated Subair.