Sunday, 11 December 2016

Lagosians Have 8 Days To Pay Their Taxes Or Face Prosecution

The Lagos State Internal Revenue Service
has asked all taxpayers that have yet to
fulfil their obligation have between
December 1 and 16, 2016, to remit overdue
taxes and levies to avoid prosecution.
The Executive Chairman of LIRS, Mr.
Ayodele Subair, yesterday stated that the
agency had, in the last few months,
embarked on massive advocacy and
enlightenment programmes, educating
Lagos taxpayers on the laws bordering on
tax administration and the benefits of
paying taxes as and when due.
He said, “In spite of the significant decline
in the allocation from the federation
account, the Lagos State Government is still
embarking on massive infrastructural
development and renewal. These projects
cannot be achieved if taxpayers refuse to
discharge their civic responsibility to the
“Taxpayers are hereby advised to clear all
outstanding payments on or before
December 16, 2016, failing which the state
government will commence criminal
prosecution of offenders in line with
relevant provisions of the Personal Income
Tax Act, 2004 (As amended).”
The LIRS boss explained that the taxes and
levies expected to be remitted to the
government within the grace period
comprised the Tax Audit Liability of back
years, the Personal Income Tax (PAYE,
Direct Assessment, Self-Assessment),
Withholding Tax, Hotel Occupancy and
Restaurants Consumption Tax and Land
Use Charge and Ground Rent.
“LIRS has put all the necessary machineries
in place to ensure the enforcement of the
tax law with effect from December 17,
2016, when the grace period lapses. We
advise all taxpayers to comply because the
full weight of the law will be brought to
bear on taxable persons or corporations
that fail to remit their taxes and levies,”
Subair added.