RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

LIRS Extends Deadline for Individual Tax Returns Filing to April 14

Jide Omodele by Jide Omodele
March 31, 2026
in Economy
Reading Time: 2 mins read
A A
0
LIRS Shuts 34 Companies Over Tax Non-Compliance
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The Lagos State Internal Revenue Service (LIRS) has extended the deadline for the submission of individual annual tax returns by two weeks, shifting it from April 1 to April 14, 2026.

The announcement was made in a statement signed by Monsurat Amasa-Oyelude, Head of Corporate Communications at LIRS, on Monday, March 30, 2026. The extension is intended to provide taxpayers with additional time to prepare and file accurate returns.

AlsoRead

World Bank Downgrades Nigeria’s 2026 Growth Forecast to 4.1%

Poverty Rate Climbs to 63% in 2025 Despite Sharp Drop in Inflation – World Bank

Naira Strengthens to N1,365 per Dollar as US Dollar Heads for Weekly Loss

LIRS Executive Chairman Dr. Ayodele Subair stressed the importance of timely compliance, urging individuals to make tax filing a regular personal responsibility. He reiterated that electronic submission through the LIRS eTax platform remains the only acceptable method, as manual filings have been completely discontinued.

Taxpayers are also advised to ensure their Tax Identification Number (TIN) is correctly reflected in their submissions to avoid delays or rejection.

The extension follows an earlier reminder issued by LIRS in February, which had set the original deadline for March 31, 2026. According to the service, the requirement applies to all taxable persons, including self-employed individuals, business owners, professionals, employees under the Pay-As-You-Earn (PAYE) scheme, and those in the informal sector.

The directive is in line with Section 24(f) of the 1999 Constitution of the Federal Republic of Nigeria and Sections 13 and 14(3) of the Nigeria Tax Administration Act 2025, which mandate every individual with taxable income to submit a true and correct return of total income from all sources for the preceding year (January 1 to December 31, 2025) within 90 days of the start of the new assessment year.

A similar extension was granted in January for employers’ annual tax returns, moving the deadline from February 1 to February 7.

The latest move by LIRS aligns with broader efforts at both state and federal levels to modernise Nigeria’s tax administration. At the federal level, the introduction of four new tax laws — including the Nigerian Revenue Service Establishment Act, the Joint Revenue Service Establishment Act, the Nigerian Tax Act, and the Nigerian Tax Administration Act — reflects ongoing reforms aimed at improving compliance, efficiency, and transparency across the tax system.

Taxpayers in Lagos State are encouraged to take advantage of the additional time to file their returns accurately through the eTax platform and avoid last-minute errors or penalties.

Tags: LIRS
Previous Post

Naira Faces Fresh Pressure as US Dollar Index Climbs to 10-Month High

Next Post

Solar Panel Imports Surge to 2.9 Million Units Worth N435bn in 2025 as Power Outages Persist

Related News

World Bank Emphasizes Cash Transfers to Break Poverty Cycle in Nigeria

World Bank Downgrades Nigeria’s 2026 Growth Forecast to 4.1%

by Victoria Attah
April 10, 2026
0

The World Bank has lowered its economic growth projection for Nigeria in 2026 to 4.1%, citing the combined impact of...

Nigeria’s food inflation rate eased to 23.75% as food prices are expected to fall

Poverty Rate Climbs to 63% in 2025 Despite Sharp Drop in Inflation – World Bank

by Victoria Attah
April 10, 2026
0

Nigeria’s poverty rate increased to 63% in 2025, equivalent to about 140 million people living below the poverty line, even...

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Strengthens to N1,365 per Dollar as US Dollar Heads for Weekly Loss

by Jide Omodele
April 10, 2026
0

The Nigerian naira appreciated to N1,365 per US dollar on Thursday, March 9, 2026, extending gains amid a broader global...

World Bank Extends Nigeria’s Digital Identification Project Deadline Amid Missed Targets

World Bank Affirms Nigeria’s Economic Growth Remains on Track Despite Iran Conflict.

by Victoria Attah
April 8, 2026
0

The World Bank has maintained that Nigeria’s economic growth trajectory remains intact for the first half of 2026, even as...

Next Post
Nigeria Procures $1.5 Billion Loan from the US to Support Solar Power Infrastructure

Solar Panel Imports Surge to 2.9 Million Units Worth N435bn in 2025 as Power Outages Persist

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

World Bank Emphasizes Cash Transfers to Break Poverty Cycle in Nigeria

World Bank Downgrades Nigeria’s 2026 Growth Forecast to 4.1%

April 10, 2026
Nigerian Breweries Plc Appoints Ayodele Lawal as Sales Director.

Champion Breweries Fully Redeems N15 Billion Commercial Paper Issuance

April 10, 2026

Popular Story

  • World Bank Emphasizes Cash Transfers to Break Poverty Cycle in Nigeria

    World Bank Downgrades Nigeria’s 2026 Growth Forecast to 4.1%

    0 shares
    Share 0 Tweet 0
  • Champion Breweries Fully Redeems N15 Billion Commercial Paper Issuance

    0 shares
    Share 0 Tweet 0
  • Naira Strengthens to N1,365 per Dollar as US Dollar Heads for Weekly Loss

    0 shares
    Share 0 Tweet 0
  • Poverty Rate Climbs to 63% in 2025 Despite Sharp Drop in Inflation – World Bank

    0 shares
    Share 0 Tweet 0
  • FG Takes Governors to Supreme Court Over Local Government Allocations

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>