Tag: LIRS
Business Taxes & Duties

Lagos State Revenue Service shuts down 34 companies for tax non-compliance

The Lagos State Internal Revenue Service (LIRS) has taken decisive action by closing down 34 corporate entities for their failure to remit taxes totalling approximately N356.12 million to the Lagos State Government. These companies were found to be in default for non-payment of employees’ personal income taxes and consumption taxes within the hospitality sector. According Read More…
Business Featured Policy

LIRS generates N25bn lockdown revenue with technology

The Lagos Inland Revenue Service (LIRS) says it generated as much as N25 billion through taxation in April during the total lockdown. Mr Rasheed Olu-Ajayi, Head, Information and Communication Technology (ICT) of LIRS disclosed this to the News Agency of Nigeria (NAN) via an exclusive virtual conference on Zoom on Saturday. Olu-Ajayi said the service Read More…