LIRS Extends Tax Return Deadline, Gives Taxpayers More Time
The Lagos State Internal Revenue Service has given taxpayers a two-week reprieve on filing individual annual tax returns. The new deadline is now set for April 14, 2026, allowing individuals more time to accurately complete and submit their tax returns. This move is aimed at ensuring that taxpayers do not rush the process, which could lead to errors and delays.
LIRS stressed that timely filing remains a statutory obligation and urged all eligible taxpayers to take compliance seriously. The agency also reinforced its stance on electronic submissions, noting that manual filing has been completely phased out. Taxpayers were advised to confirm the accuracy of their Tax Identification Number (TaxID) to avoid any issues during processing.
The extension applies to all individuals earning taxable income, including salaried workers, business owners, self-employed individuals, professionals, and those operating within the informal sector. This development follows an earlier adjustment by the agency, which extended the deadline for employers' annual returns from February 1 to February 7.
The Lagos State Internal Revenue Service is working in line with national reforms aimed at improving compliance and modernising tax administration across the country.
The LIRS's decision to extend the tax return deadline may seem like a welcome relief to many taxpayers, but it also serves as a reminder of the complexities of Nigeria's tax system. As the country continues to grapple with tax reforms, one can't help but wonder if this extension will have a ripple effect on the informal sector, where many Nigerians operate. Will this move encourage more individuals to come forward and declare their earnings, or will it simply delay the inevitable?
