LAGOS RESIDENTS WARNED TO PAY TAX BEFORE DEC. 16 TO AVOID PROSECUTION

The Lagos State Internal Revenue Service has warned all defaulting taxpayers in the state to pay their taxes latest between December 1 and 16, 2016, to remit overdue taxes and levies to avoid prosecution.

The Executive Chairman of LIRS, Mr. Ayodele Subair, speaking on the issue, 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).”