Saturday, 24 February 2018

The Lagos State Internal Revenue Service: 12 Quick Facts You Need To Know


In this post will shall quickly list some of the quick facts about the Lagos State Internal Revenue Service (LIRS) that you need to know.
The Lagos State Internal Revenue Service (LIRS) is the revenue collecting arm of the Lagos State Government saddled with the responsibility of collecting taxes and other revenues.
--
---

The Lagos State Internal Revenue Service: 12 Quick Facts You Need To Know


  • 1. The main aim of the LIRS is to make Lagos State less dependent on allocations from the Federal Government by designing and enforcing its tax collection and revenue scheme.
  • 2. LIRS is saddled with the responsibility of collecting taxes in Lagos state, over the years LIRS has increased the State’s Internally Generated Revenue (IGR).
  • 3. The IGR moved from a monthly average of about 600 Million Naira in 1999 to approximately 20.5 Billion Naira in 2013, thereby making Lagos State less dependent on proceeds from the Federation Account.

  • See Also: Tax Revenue System In Nigeria

  • 4. The LIRS is also designed to make tax assessment and payment convenient for taxpayers.
  • 5.  LIRS commenced the establishment of mini tax offices in markets in 2006, and till date, 40 of such offices are in operation.
  • 6. In January 2008, LIRS introduced the Self Assessment Filing System for individuals, the first of its kind in Nigeria.
  • 7. The LIRS hosts the annual Lagos State Taxation Stakeholders Conference,In line with the management’s policy of taxpayer. The LIRS has been hosting this conference since 2007.
  • --
    ---
  • 8. The governor presents the LIRS Special Award to individuals and Corporate Organizations in recognition of their level of Personal Income Tax Compliance at the yearly Taxation Conference.
  • 9. LIRS has been providing funds that will help to put in place structures that is needed to make sure that Lagos state meets the needs of a mega city.

  • Read Also: Bank Of Industry Contact Details

  • 10. The official website of the LIRS is www.lirs.gov.ng.
  • 11. The LIRS introduced the Self Assessment Filing System for individuals, mostly self employed,a feat that has been described as a first of it's kind in Nigeria.
  • 12. The LIRS introduced the  Electronic Tax Clearance Certificate (e-TCC) in other to check the lapses in the tax system which tax evaders had enjoyed in the past such as poor identification of tax payers,tax evasion Etc


No comments:

Post a Comment