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Everything you need to know about tax compliance, filing, and verification with the Lagos State Internal Revenue Service (LIRS).
Lagos is the economic hub of Nigeria. Tax compliance here is managed by the LIRS. Residents are subject to Personal Income Tax (PIT) under the Pay As You Earn (PAYE) scheme or Direct Assessment for self-employed individuals.
| Tax Offense | Statutory Penalty |
|---|---|
| Late filing of annual returns | ₦50,000 for corporate entities; ₦5,000 for individuals. |
| Failure to deduct PAYE | 10% of the tax due, plus interest at the prevailing bank rate. |
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"A tech startup in Yaba filing PAYE for 20 employees via eTax."
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