Lagos State Internal Revenue Service (LIRS) has reminded 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 yearly tax returns on or before March 31, 2025.

Executive Chairman of the LIRS, Ayodele Subair, emphasized that under Section 41 of the Personal Income Tax Act (PITA) 2004 as amended, all taxable persons must submit a comprehensive return detailing their total income from all sources for the previous fiscal year (January 1 to December 31, 2024, in this case) to the relevant state tax authority within 90 days of the commencement of the new assessment year.

Subair, who reiterated the importance of adhering to the deadline, urged taxpayers to fulfil their statutory obligations promptly to avoid penalties and other legal consequences.

He also highlighted that tax returns must be submitted exclusively through the LIRS e-Tax portal, accessible at https://etax.lirs.net which offers 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 e-Tax portal,” stated Subair.