How to Stay Ahead of the Personal Income Tax (PIT) Filing Deadline

As you may know, the 2020 Personal Income Tax (PIT) Returns filing season is upon all tax residents of Lagos State. As you may also recall, the Lagos State Internal Revenue Service (LIRS) had extended the deadline for 2020 PIT Returns filing from the statutory Monday, March 30, 2020 to Tuesday, June 30, 2020 (https://taxaide.com.ng/2020/05/21/lirs-notice-on-extension-of-2019-pit-returns-filing/) as a palliative in the face of the global health pandemic. We provide below, some information and updates on the compliance requirements of the 2020 PIT Returns filing process in Lagos State.

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2020 Annual Letter to Stakeholders

Dear Stakeholder,

Of Evolution and Profitability; the Positives in Negatives

Thank you for another year. We have progressed; particularly, we have progressed at learning daily. This sums up our meaningful evolution. Outcomes were preset, some were achieved and some not; most importantly however, we knew which was which. Our consciousness of and the ability to rightly respond to preconceived expectations; especially aided by observable data and intelligent information sums up our crawls, walks, runs and the increased acceleration for flight. We are yet to fly.

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