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Air Peace asserts that its Chairman, Dr. Allen Ifechukwu Onyema, and Vice Chairman, Mrs. Alice Ojochide Onyema, have fully complied with all tax obligations, refuting claims of an ongoing lawsuit from the Lagos State Government.
The Lagos State Internal Revenue Service (LIRS) has emphasized the necessity for every resident of Lagos to file their annual tax returns by March 31. Abideen Akande, the Special Adviser to the Executive Chairman of LIRS, elaborated on the implications of this requirement during an interview.
The Nigerian Revenue Service (NRS) has announced that electronic invoicing (e-invoicing) will become compulsory by January 2028. This transition is part of a phased implementation plan aimed at enhancing tax compliance and automating tax administration.
The Anambra State Government has warned companies and organizations to comply with the monthly filing of their Withholding Tax (WHT) returns or face severe penalties. The internal revenue service emphasized that inaction may lead to fines or imprisonment.
Ayodele Subair, the Executive Chairman of the Lagos State Internal Revenue Service (LIRS), has announced that the agency's main emphasis will be on enhancing voluntary tax compliance through education and outreach, resorting to enforcement only as a last measure. He highlighted the low levels of compliance as a significant challenge affecting Nigeria's tax revenue.
The Lagos State Government has implemented the 'Power of Substitution' via a recent LIRS Public Notice, enabling the agency to collect unpaid taxes directly from third parties like banks and employers that owe money on behalf of tax defaulters.
