LIRS to Implement Additional Tax Incentives and Reliefs to Taxpayers in Lagos State

In furtherance of the commitment to mitigate the negative effect of
COVID-19 pandemic on individuals and businesses, Lagos State Internal
Revenue Service (LIRS) has commenced the implementation of additional
reliefs and measures to further ease the impact of the pandemic on
taxpayers in Lagos State starting from Thursday, July 16, 2020.

These additional measures and incentives are sequel to the agency’s
initial 3-month extension of the deadline for filing of annual returns
(from March 31 to June 30, 2020).

According to the Executive Chairman, LIRS, Mr. Ayodele Subair, “the
following measures are to be implemented to further ease the impact of
the pandemic on our esteemed taxpayers in Lagos state: LIRS shall
allow on a case by case basis, payment of outstanding liabilities in
instalments to ease cash flow challenges that may affect taxpayers.
Taxpayers are to enjoy a waiver of penalty for late payment of
liabilities under PAYE (Pay As You Earn) that was due during the
period of March-May, 2020 when the State was under COVID-19 lockdown.

In addition, a waiver of penalties due on late filing of 2020 annual
tax returns known as ‘Form A’ will be granted. A remarkable waiver of
interest and penalty on liabilities arising from 2009 to 2015 tax
audit for taxpayers who can pay up on or before December 31, 2020 will
be implemented.

In appreciation of taxpayers that have supported the State Government
in the fight against the pandemic, the LIRS through the Lagos State
Government will be granting tax credit of 20% of all cash and kind
donations made towards Covid-19 by individuals resident in the State
for the 2021 Year of Assessment (subject to a cap of 35% of tax due).”

He further announced that additional payment channels have been opened
up to make payment of taxes easier, simpler and more convenient for
all. The Executive Chairman pronounced that Video Conferencing has
been adopted as the default mode for conducting Tax Audit
Reconciliation Committee [TARC] meetings in consonance with social
distancing advisories from Government and other relevant health
authorities.

He encouraged taxpayers to make use of the Agency’s digital
communication platforms to get updates on its operations and details
of all tax payment platforms.

He enjoined all businesses and individuals resident in Lagos State to
take advantage of these additional palliatives and reciprocate the
kind gestures of Lagos State Government by discharging their civic
responsibilities through prompt payment of all taxes and levies due to
the State.The LIRS urges the Lagos State residents to stay safe and
obey all Covid-19 guidelines as stipulated by the relevant health
authorities and Lagos State Government.For further enquiries,
taxpayers are encouraged to visit the LIRS website, www.lirs.gov.ng,
and its various social media platforms @lirsgovng or by calling the
Customer Care Centre on 0700 CALL LIRS (0700-2255-5477).

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