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Wednesday, 07 December 2016 20:38

LIRS serves 16-day ultimatum to tax payers Featured

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

The Lagos State Internal Revenue Service, LIRS, has served a 16-day notice to all taxable adults and corporate organisations in the state to pay-up their taxes or face an angry government. The government has therefore, enjoined 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, an electronic statement signed by Monsurat Amasa, Head, Corporate Affairs, made available to The Neigbourhood said.
 
The LIRS had 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.

During the campaigns, LIRS argued that despite the significant decline in the allocation from the federation accounts, the Lagos State government had continued to embark on massive infrastructure development and renewal, saying that such cannot be achieved if tax payers failed 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 distain activities in line with relevant provisions of the Personal Income Tax Act 2004 (As amended),” the statement read in parrt.

LIRS outlined the taxes and levies to include Tax Audit Liability of back years; Personal Income Tax (PAYE, Direct Assessment, Self-Assessment); Withholding Tax; Hotel Occupancy and Restaurants Consumption Tax; and 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.”

Subair added, “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.”

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