LIRS further extends deadline for filing 2019 individual income tax returns (Form A)

LIRS further extends deadline for filing 2019 individual income tax returns (Form A)

The Lagos State Internal Revenue Service (LIRS) has issued a public notice (the Notice) informing all taxable individuals resident in Lagos State of its decision to further extend the deadline for filing individual income tax returns for 2019, from 31 May 2020 to 30 June 2020.

Deadline for filing income tax and transfer pricing returns – avoid the last minute rush and material penalties

Deadline for filing income tax and transfer pricing returns – avoid the last minute rush and material penalties

The Companies Income Tax Act (CITA) and Income Tax (Transfer Pricing) Regulations 2018 (the TP Regulations) require corporate taxpayers to file annual companies income tax (CIT) and TP returns within six (6) months after their financial year-end (i.e., due date for filing).