Step By Step Process To File Your Personal Income Tax Annual Returned In Lagos - Business - Nairaland
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| Step By Step Process To File Your Personal Income Tax Annual Returned In Lagos by moscobabs(op): 7:21am On Mar 31 |
Here’s a Step by Step Process to File your Personal Income Tax Annual Returned in Lagos STEP 1: Get Your TIN (Tax Identification Number) Go to Google and search: Tax Identification Number in Nigeria Open the Nigeria Revenue Service official portal: taxid.nrs.gov.ng Enter your NIN Enter your Date of Birth Generate your TIN This is your tax identity. Keep it safe. STEP 2: Create Your Lagos Tax Account (LIRS) Go to: etax.lirs.net Create an account using: Your BVN (recommended) Your personal details Then generate your: Lagos Payer ID Note: Individuals = starts with N- Companies = starts with C- STEP 3: Login to Your Dashboard Use: Your newly created Payer ID Your Password STEP 4: File Your Annual Return Click: “File Annual Return” VERY IMPORTANT (This is Where Many People Make Mistake) If you earn: ₦100,000 per month Do NOT enter ₦100,000. Multiply it: ₦100,000 × 12 = ₦1,200,000 That is your annual income. This applies to Salary Earners and Business Owners, including Freelancers or Content Creators… You are to pay from your Net Income. STEP 5: Add Other Income (If Any) You may see: Rent Business income Dividends If you have them, include them If not, skip STEP 6: Add Tax Relief (Very Important) You may see: Pension Insurance Mortgage Add them if you have them This will reduce your tax STEP 7: Submit After filling everything: Click Submit The system will calculate your tax automatically. Here’s the Secret Many People Don’t Know If your income is small… You may pay: Zero tax But… if you don’t file at all… You will pay penalty of ₦100,000 and a subsequent ₦50,000 for each of the following Month until you file your Annual Returned. Now that deadline has been extended to: April 14, 2026 Don’t say: “I will do it later…” Do it now. IN SIMPLE SUMMARY: Get your TIN Create your LIRS account Calculate your annual income Submit your return That’s all. The problem is not tax… The problem is lack of understanding Once you understand it… Everything becomes simple. https://share.google/35XzE31EEvaBxDNK4?fbclid=IwZXh0bgNhZW0CMTEAc3J0YwZhcHBfaWQPMjc1MjU0NjkyNTk4Mjc5AAEeyO5Gl5cDeC-uGuGMGEABfwFOTnjVfu_Sx_E8ie-OAFo1ETnPu5_Jd8Poeyk_aem_wlY7Hl3c4UWF5ypgl44oRA |
| Re: Step By Step Process To File Your Personal Income Tax Annual Returned In Lagos by Kobicove(m): 7:39am On Mar 31 |
The process seems quite straightforward and easy |
| Re: Step By Step Process To File Your Personal Income Tax Annual Returned In Lagos by Achigoxtech(f): 8:29am On Mar 31 |
moscobabs:Thank you for the information. I'm a freelancer, how can I fill that as the money I earn isn't static? Also, I stay in both Lagos and Mowe. How will I go about the state of residence? |
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