The Lagos State Internal Revenue Service (LIRS) has announced the immediate deployment of an upgraded process for the collection of Hotel Occupancy and Restaurants Consumption Tax (HORCT) in the state The Executive Chairman of the Service, Ayodele Subair, in a notice to the public, operators and owners of hotels, event centres, restaurants, bars, and other […]
Tag: Lagos Internal Revenue Service (LIRS)
LIRS Shuts 34 Firms Over N356Mn Tax Remittance Default
Following failure to remit the Personal Income Taxes (PIT) of their employees and for non-remittance of consumption taxes, the Lagos State Internal Revenue Service (LIRS) has closed 34 companies in the state, including 23 hospitality sector entities. Some of the affected companies are NTS Nigeria Ltd., Med-In Hospital & Pharma Services Ltd., Danvic Petroleum Int’l […]
LIRS To Leverage Technology, Advocacy For Improved IGR
The Lagos State Internal Revenue Service (LIRS) has restated its commitment to leverage cutting-edge technology and effective advocacy to significantly improve its internally generated revenue (IGR) in the state. The Executive Chairman of the Service, Mr. Ayodele Subair, made this disclosure during an interview on The Tax Talk, a newly launched 30-minute public enlightenment television […]
FIRS, LIRS Sign MoU On Joint Tax Audit/Investigation Exercise
….seek stakeholders’ support for successful exercise The Federal Inland Revenue Service (FIRS) and Lagos Internal Revenue Service (LIRS) have issued a public notice on the Memorandum of Understanding (MoU) signed by them to establish a Joint FIRS and LIRS Audit and Investigation Team aimed at encouraging the exchange of information between both agencies. Based on […]
LIRS Unveils Whistle-Blowing Facility To Promote Transparency, Accountability
The Lagos Internal Revenue Service (LIRS) through its professional partner, Deloitte, has unveiled its whistle-blowing tip off channels to promote transparency, accountability and general public inclusivity in governance. The whistle-blowing service provides multilingual, multiple reporting channels such as toll-free hotlines, web portal, email and a mobile application. Speaking during the launch of the channels on […]
Financial Crimes: LIRS To Launch Whistle-Blower Initiative
The Lagos State Internal Revenue Service (LIRS) is set to launch its whistle-blower initiative, a state-wide project, introduced to provide a platform for employees, stakeholders and the general public to report any observed violation, misconduct, or unethical behaviour across the state. A public notice signed by the LIRS Executive Chairman, Ayodele Subair, indicated that the […]
During A Meeting Of FIRS On Deduction Of Withholding Tax On Commission With Stakeholders Within The FMCG, Gaming And Multi-Level Marketing Sector Held At Protea Hotel, Alausa, Ikeja On May 12, 2022
L-R: Director, New Growth Areas, Mr. Olujimi Aina, Executive Chairman, LIRS, Mr. Ayodele Subair, Managing Director, O. M Associates, Mr. Olufemi Oguntade; During A Meeting Of FIRS On Deduction Of Withholding Tax On Commission With Stakeholders Within The FMCG, Gaming And Multi-Level Marketing Sector Held At Protea Hotel, Alausa, Ikeja On May 12, 2022