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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