OYA Magazine LIRS GIVES A 16-DAY ULTIMATUM FOR PAYMENT OF TAXES | OYA Magazine

LIRS GIVES A 16-DAY ULTIMATUM FOR PAYMENT OF TAXES

By on December 8, 2016

By Oyamag

The Lagos State Internal Revenue Service (LIRS) enjoins all taxpayers in
Lagos State to be on the right side of the law and take full advantage
of the 16-day grace period from December 1st to 16th, 2016 to remit all
overdue taxes/levies and those that would fall due in the month of
December in order to avoid prosecution.

Executive Chairman  Lagos State Internal Revenue Service  LIRS   Mr Hamzat Ayodele Subair

Executive Chairman, Lagos State Internal Revenue Service (LIRS), Mr Hamzat Ayodele Subair

The LIRS has in the last few months embarked on massive advocacy and
enlightenment programmes, taking Lagos residents and taxpayers through a
process of education on the laws bordering on tax administration and the
need and benefits of paying taxes as and when due.

In spite of the significant decline in the allocation from the
federation accounts, the Lagos State government is still embarking on
massive infrastructural development and renewal; these cannot be
achieved if tax payers deliberately refuse to discharge their civic
responsibility to the State.

Taxpayers are hereby advised to clear all outstanding payments ON OR
BEFORE THE 16TH OF DECEMBER 2016, failing which the Lagos State
Government will commence criminal prosecution of offenders, with full
enforcement through distrain activities in line with relevant provisions
of the Personal Income Tax Act 2004 (As amended).

The under listed taxes and levies are expected to be remitted to the
Lagos State Government within the grace period:
* Tax Audit Liability of back years
* Personal Income Tax (PAYE, Direct Assessment, Self-Assessment)
* Withholding Tax
* Hotel Occupancy and Restaurants Consumption Tax
* Land Use Charge and Ground Rent

According to the Executive Chairman of LIRS, Mr. Ayodele Subair “LIRS
has put all the necessary machineries in place to ensure the enforcement
of the tax laws with effect from December 17, 2016 when the grace period
lapses. He has advised all taxpayers to comply, reiterating that the
full weight of the law will be brought to bear on any taxable persons or
corporations who fail to remit all taxes/levies due.

The LIRS appreciates and thanks the good people of Lagos State who have
continually supported the government by voluntarily paying their taxes
promptly and correctly and promises to continue to act within the ambit
of the law to prosecute tax evaders. END

Signed
Monsurat Amasa
Head, Corporate Affairs
Lagos State Internal Revenue Service

___________

PRESS RELEASE

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