The
Lagos State Internal Revenue Service says 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, on Wednesday 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 state.
“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.
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