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

Naira Weakens at Official Market After Two-Day Advance

Nigeria Posts N12.60 Trillion Trade Surplus in Q2 2026 as Exports Outpace Imports

How Regulatory Costs Approaching 30% Are Raising the Price of Housing in Lagos

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

Naira Strengthens as Anticipation Mounts for $10 Billion Forex Inflows

Naira Weakens at Official Market After Two-Day Advance

by Jide Omodele
September 10, 2026
0

The naira recorded its first depreciation of the week in the official foreign exchange market, falling to N1,329.21 per dollar...

FG Allocates N5.1 Billion for Presidential Yacht and N5.5 Billion For Student Loans

Nigeria Posts N12.60 Trillion Trade Surplus in Q2 2026 as Exports Outpace Imports

by Victoria Attah
September 8, 2026
0

Nigeria recorded a trade surplus of N12.60 trillion in the second quarter of 2026 after export earnings substantially exceeded imports,...

Experts Suggest Now Might Be the Ideal Time for Property Investment in the UK

How Regulatory Costs Approaching 30% Are Raising the Price of Housing in Lagos

by Victoria Attah
September 7, 2026
0

Last year a developer in Akoka, Yaba, began blockwork three weeks after receiving a Lagos State Physical Planning Permit Authority...

Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

External Reserves Climb Above $54 Billion, Highest Level in 18 Years

by Jide Omodele
September 7, 2026
0

Nigeria’s external reserves crossed the $54 billion mark on 3 August 2026, reaching their highest level in 18 years. Central...

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

DMO offers two FGN savings bonds at N1000 per unit.

FG Offers N1 Trillion Bonds in September Auction with N50 Million Minimum

September 10, 2026
NMDPRA inaugurates oil and gas industry service permit portal.

Oil Prices Climb Above $100 as US-Iran Hostilities Escalate

September 10, 2026

Popular Story

  • Nigeria’s Debt to China Surges by $800 Million in One Year

    31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • eNaira Accounts for Less Than 1% of Circulating Currency

    0 shares
    Share 0 Tweet 0
  • Abuja BDC Operators Suspend Operations Due to Dollar Scarcity

    0 shares
    Share 0 Tweet 0
  • Dangote Refinery Expansion to 1.4 Million Barrels Per Day Expected to Create 95,000 Jobs

    0 shares
    Share 0 Tweet 0
  • House of Representatives Recovers N521.77 Million Unremitted VAT from CBN

    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}
?>