Tax compliance is one of the most important responsibilities for businesses and individuals in Nigeria. Missing a filing deadline can lead to penalties, interest charges, and even legal issues with tax authorities. For 2025, every taxpayer in Nigeria must pay close attention to filing schedules from both the Federal Inland Revenue Service (FIRS) and the Lagos State Internal Revenue Service (LIRS).
At Faturoti Taiwo & Co., we help businesses and individuals stay compliant with tax filing deadlines so they can avoid costly mistakes. Below is a clear breakdown of the key deadlines you need to know in 2025.
🔹 LIRS (Lagos State Internal Revenue Service) Deadlines in 2025
If you operate in Lagos, you’re expected to comply with the following LIRS deadlines:
- PAYE Remittance (Pay As You Earn): Due by the 10th of the following month. For example, January PAYE must be remitted by 10th February.
- Withholding Tax (WHT): Due on the 21st of the following month.
- Annual PAYE Returns: Employers must file by 31st January 2025.
- Annual Tax Returns (Individuals): Due by 31st March 2025.
🔗 Learn more about PAYE and tax filing from LIRS
🔹 FIRS (Federal Inland Revenue Service) Deadlines in 2025
For federal taxes, here are the key FIRS deadlines to track:
- Companies Income Tax (CIT):
- Due 6 months after the company’s accounting year-end.
- For example, if your accounting year ends on 31st December 2024, your filing deadline is 30th June 2025.
- Value Added Tax (VAT): Must be filed and paid by the 21st of the following month.
- Withholding Tax (WHT): Due by the 21st of the following month.
- Petroleum Profit Tax (PPT): Payable in installments, with final returns due 5 months after year-end.
- Education Tax (EDT): Filed alongside CIT returns.
- Personal Income Tax (Self-Employed/Individuals): Due by 31st March 2025.
🔗 See official FIRS filing guidelines
🔹 Penalties for Missing Deadlines
Failing to file on time can result in:
- LIRS penalties for late PAYE remittance and individual returns.
- FIRS penalties for late VAT, CIT, and WHT filings.
- Accumulated interest charges and possible legal enforcement.
In some cases, these penalties can be higher than the tax itself — making compliance non-negotiable.
🔹 How Faturoti Taiwo & Co. Can Help
At Faturoti Taiwo & Co., we provide:
- Deadline tracking and compliance reminders
- Tax planning strategies to reduce liabilities
- Filing support for PAYE, CIT, VAT, WHT, and more
- Representation before LIRS and FIRS to resolve tax issues
👉 Contact Faturoti Taiwo & Co. today to ensure you never miss a tax deadline in 2025.
Staying ahead of LIRS and FIRS deadlines is crucial for avoiding penalties and keeping your business compliant. With professional support from Faturoti Taiwo & Co., you’ll have peace of mind knowing your tax obligations are filed correctly and on time.
Don’t wait until the last minute — plan ahead and secure your compliance today.