Lagos State Internal Revenue Services has issued a public notice on the filing of annual returns.

This public notice on the filing of annual returns. is inline with the relevant provisions of Personal Income Tax Act (PITA), which obligated Employer of Labour in every State of the Federation, to file Annual Returns of their Employee for Year of Assessment with the relevant Internal Revenue in their State of Residence.
Where an employer fails to file the required Annual Employer’s Return on the due date, a penalty of N500, 000 shall be imposed upon conviction, if such employer is a body corporate and N50, 000 in the case of an individual.

The steps necessary for this returns are stated in the attached publication.

You may also get in touch with us @ sowprofessional.com for necessary supports on this.

For Tax or Management Consultancy, please contact:

SOW Professional Services
Website: www.sowprofessional.com
Phone: 07038254989
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