Former FIRS boss Fowler in EFCC net over fraud allegations
The Economic and Financial Crimes Commission (EFCC) is currently interrogating a former chairman of the Federal Inland Revenue Service (FIRS) Babatunde Fowler, over the N100 billion tax evasion allegations levelled against a tax firm, Alpha Beta Consulting. Fowler, who was also a former chief executive officer, Lagos State Internal Revenue Service (LIRS), responded to an…
BBNaija winner Laycon faces tax multiplicity from Lagos, Ogun governments
The winner of the lockdown series of the reality TV show Big Brother Naija Olamilekan Agbelesebioba may still be celebrating his win but Lagos and Ogun State governments are already reminding him of his tax responsibility. Laycon is yet to receive his prizes from the organizers of the show. He was declared the winner of…
Lagos extends filing of annual tax returns to mitigate COVID-19 impact
Lagos State Government, in her continuous effort to provide the much-needed relief to tax-payers and mitigate the economic impact of COVID-19 pandemic
Lagos extends deadline for filing of annual returns to June 30
Lagos State Government, in her continuous effort to provide the much needed relief to taxpayers and mitigate the economic impact of Covid-19 pandemic, has through the Lagos State Internal Revenue Service (LIRS) further extended the deadline for filing of Annual Tax Returns to June 30, 2020.
Lagos to unveil e-platform for informal sector tax regularisation
Acknowledging that over 65 per cent of traders are engaged in informal trade, the Lagos Internal Revenue Service (LIRS), has announced plans to roll out an e-platform in March
2020 Budget Implementation: LIRS to generate N500bn
The Lagos State Internal Revenue Service (LIRS) is to generate N500 billion toward the implementation of the 2020 budget, the state Commissioner for Economic Planning and Budget, Mr Sam Egube, has said.
LIRS sets 2020 deadline for companies to complete PAYE registration
The Executive Chairman, Lagos Internal Revenue Service (LIRS), Ayodele Subair has implored companies to register all employees on the Pay As You Earn (P.A.Y.E) before the end of 2020 to ensure fulfilment of their civic responsibilities.
Sanwo-Olu promises not to hurt residents over tax drive
Lagos State Governor Babajide Sanwo-Olu yesterday said that the drive to increase the state’s Internally Generated Revenue (IGR) would not hurt the residents. He also pledged not to tamper with the autonomy enjoyed by the Lagos State Internal Revenue Service (LIRS).
Tax evasion: Jay-Jay Okocha, Lagos government settle out of court
A Lagos State prosecutor, Y. A. Pitan, on Wednesday said a former Super Eagles’ Captain, Augustine Okocha, accused of income tax evasion since 2017, had finally settled with the Lagos Internal Revenue Service (LIRS). She told an Igbosere High Court in Lagos that the LIRS informed it that the defendant visited its office and reconciled…