In line with the Personal Income Tax Act (PITA) Cap P8 LFN 2011 (as amended), The Lagos State Internal Revenue Service (LIRS) urges all employers of labour in Lagos State to file their Company’s Annual Tax Returns on or before the statutory deadline of January 31, 2021 to avoid penalties.
The Agency’s eTax platform, launched in October, 2019 gives taxpayers the opportunity to comply with all COVID-19 protocols, by filing their tax returns from the comfort of their offices or homes. In addition, all digital platforms and tax portals are available for taxpayers’ use and convenience.
The Annual Tax Returns, which show each employee’s emoluments and tax paid in year 2020, are to be filed via LIRS online portals only, as manual filing is no longer acceptable. Tax assessments, payments and other tax administration matters can also be carried out on the same platforms. The LIRS customer care hotline: 0700 CALL LIRS (0700-2255-5477), website: www.lirs.gov.ng, chat rooms and the various social media platforms @lirsgovng are available for enquiries.
The Executive Chairman of LIRS, Mr. Ayodele Subair, stated that in the face of the prevailing realities of the COVID-19 pandemic and its effects on businesses, penalties and fines may be an additional burden on companies’ finances, and therefore urges all employers of labour to file their returns within the period stipulated by law. The essence of the ongoing media campaign and numerous reminders and appeals to companies on this statutory obligation, is to ensure they file early, to avoid sanctions.
The steps to file are available on all our communication channels, however, taxpayers with difficulties filing are also welcome to seek assistance with specially designated staff at our tax stations.
We have made the process simple, quick, secure and reliable for our esteemed taxpayers. We are also available on various digital platforms to assist taxpayers on the process of e-filing.
The LIRS urges all Lagos State residents and businesses to stay safe and obey all Covid-19 guidelines as stipulated by the relevant health authorities and the Lagos State Government
Fidelity Bank Set To Organise Diaspora Webinar Banking
- Deepens Engagement On New Remittances Policy
…. Osinbajo, Emefiele, Prof Benedict Oramah,Dabiri-Erewa To Attend
Fidelity Bank Plc, top Nigerian bank has concluded plans to host its Diaspora Webinar Series with the inaugural edition slated for Saturday, March 06, 2021 by 2pm. This virtual session seeks to enlighten Nigerian citizens’ resident abroad on recent policy measures by the Central Bank of Nigeria (CBN) and its attendant implications for Diaspora investments.
Rightly themed, “The New CBN FX Policy and Positive Impact To Diaspora Investments in Nigeria”, the session will also aim specifically at providing them with valuable insights, intelligence, and expertise on how to stay on top of their investments back home.
The event will have in attendance special guests and notable personalities including the Vice President of the Federal Republic of Nigeria, Professor Yemi Osinbajo who is the Special Guest of Honour and the Chief Host, Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele who will deliver a keynote address at the event.
Other speakers and panelists at the session include Professor, Benedict Okey Oramah, Chairman/President of African Export-Import Bank, Honorable Abike Dabiri-Erewa, Chairman/CEO, Nigerians in Diaspora Commission (NIDCOM), Professor Ndubuisi Ekekwe, Lead Faculty, Tekedia Institute and Professor Olawale Sulaiman, renowned Neurosurgeon and Chairman of RNZ Global among others.
Streamed live on YouTube and ZOOM, the Series was borne out of the need to deepen engagement with Nigerian Diaspora Community particularly as developmental partners considering the critical role remittances play in driving sustainable economic growth.
Speaking on the webinar, Fidelity CEO, Mrs. Nneka Onyeali-Ikpe stated that the session was most appropriate and timely, adding that “the session will offer the Nigerian Diaspora greater clarity on all of the recent policies enacted by government with a view to enabling them make sound investment decisions”.
According to Mrs. Onyeali-Ikpe, the bank, in the last twelve (12) years, has become a dependable partner for diaspora remittances and investment. Armed with a deep understanding of these customers needs, she went on to explain that the bank has continued to offer bespoke products and services that are unrivaled in the financial services industry.
Worthy of mention is the Diaspora Mortgage and Dollar Denominated Fixed Deposit Investment Account that attracts up to 5 percent annual interest depending on the amount and tenure.
The CBN, as part of efforts to liberalise, simplify and improve the receipt and administration of Diaspora remittances into the country had issued guidelines to ensure that beneficiaries of Diaspora remittances through International Money Transfer Operators (IMTOs) receive such inflows in foreign currency (US dollars) through the designated bank of their choice.
The policy became necessary in view of the urgent need to deepen the Foreign Exchange (FX) market, provide more liquidity and create transparency in the administration of Diaspora remittances into Nigeria.
To register for the webinar, click on the link – https://www.fidelitybank.ng/diaspora-webinar/
The programme will be streamed LIVE on YouTube and ZOOM. For more information, send emails to DiasporaGroup@fidelitybank.ng
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