Budgeting Hospitality & Tourism Industry Latest News Planning & Economic Development Political Economy Revenue Revenue Agencies Technology

LIRS Announces Deployment Of ICT Solution For Consumption Tax Collection

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 […]

Banking Budgeting Hospitality & Tourism Industry Latest News Manufacturing Planning & Economic Development Revenue Revenue Agencies Statistics Taxation Technology

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 […]

Budgeting Latest News Planning & Economic Development Political Economy Revenue Revenue Agencies Taxation Technology

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 […]

Banking Budgeting Latest News Planning & Economic Development Revenue Revenue Agencies Taxation Technology

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 […]

Budgeting Civil Advocacy & Gender Matters Crime & Judiciary Matters Latest News Planning & Economic Development Political Economy Professionals & HR Devt. Revenue

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 […]

Budgeting Crime & Judiciary Matters Latest News Revenue Revenue Agencies Tax

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 […]

Budgeting Latest News Picture Speaks Revenue Taxation

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