The Lagos State Internal Revenue Service (LIRS) has announced January 31st as the deadline for businesses and individuals to file their annual tax returns for the year 2023.
This was disclosed by the head of the Relation Management Unit of the LIRS, Mojisola Aboyade-Cole during an interview on Arise TV.
According to her, businesses can file their tax return electronically via the e-tax platform as it has been done in the last four (4) years and business owners are mandated by law to file their tax returns on behalf of their employees.
Furthermore, she stated that businesses are required to file four major returns on the platform- annual tax returns, income projection, withholding taxes and schedule of remittances.
On deadlines and possible extensions, she stated it has been conventional practice for businesses to file their tax returns by January 31 and the only exception was during the COVID-19 period.
She urged individuals and businesses to file in early to avoid the last-minute rush.
