LIRS Company Registration in Lagos State

LIRS Company Registration in Lagos State

August 04, 2022

A company is required to register for taxes in Nigeria, also individuals, employees, partnerships, and communities pay personal income tax in Nigeria. Personal Income tax is payable to the relevant tax authority. Tax residents in Lagos State usually pay tax to the Lagos State Internal Revenue Service (LIRS). The taxes and other levies payable to LIRS include PAYE tax, withholding tax, business premises levy, development levy. We will however, focus on how to register for tax with the Lagos State Internal Revenue Service. To register your company or business the following steps would be taken:

  1. Search for the nearest LIRS office using the addresses on https://lirs.gov.ng/contact#locate_us
  2. An official application for PAYE tax registration including the response to LIRS questionnaire
  3. A copy of the following documents:
  1. For companies – Memorandum and Articles of Association, Certificate of Incorporation, and Form CAC 1.1 (Status report). Formerly, Form CAC 7 (Particulars of the Company’s Directors) and CAC 2 (Statement of share capital and return of allotment of shares).
  2. For enterprises – Business Name Registration Certificate and Form 1.1. Formerly, Form CAC 7.
  3. Utility bill
  4. Rent agreement
  5. Tax clearance of the directors
  6. Staff payroll
  7. Evidence of payment for development levy
  8. After registration, LIRS will issue a taxpayer ID and the details for remitting tax.

Team 618 Bees

 

618 Bees can quickly and easily help you register your business with the LIRS for taxes. Log on to our website www.618bees.com or email hello@618bees.com, or give us a call on +2349017190079. 618 Bees will complete your application with the Lagos State Inland Revenue Service.

 

The information in this blog post (“post”) is provided for general informational purposes only, no information contained in this post should be construed as legal advice, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through this post without seeking the appropriate legal or professional advice from the particular facts and circumstances at issue from a lawyer. This post is protected by intellectual property law and regulations. It may however be shared using appropriate sharing tools provided that our authorship is always acknowledged and this Disclaimer Notice attached

More Articles

Search

Connect With Us

Got any questions?

If you are having any questions, please feel free to ask.

Send us an email

Frequently Asked

  • Why must I file Annual Returns?

    It is a mandatory statutory requirement under the Companies and Allied Matters Act to file Annual Returns yearly. 
  • What’s the difference between a business name and an LLC?

    • A business name is a sole proprietorship, usually owned and managed by one individual only. Legally, the sole proprietor and his business are one. It simply means an individual trading with an alias. The sole proprietor is personally liable for all business related obligations.

    • A limited liability company on the other hand is a separate business entity from the individuals that hold its shares and act as directors. Legally, it’s a separate business entity and a person on its own who can transact business, own property separate from its owners and can sue or be sued. 
  • Why is mutual assent important in a contract?

    This is one of the key elements of a contract because is shows the meeting of the minds of both parties
  • What is SON?

    SON stands for ‘Standards Organization of Nigeria’
  • What is personal data?

    This is any information that can be used to identify an identifiable human person such passport photograph.
  • How long does the registration of an industrial design last?

    It is effective for an initial period of 5 years from the date of the application for registration and renewable for two consecutive periods of 5 years
  • Can I process/register multiple products at NAFDAC at the same time?

    Yes, you can process/register multiple products at the same time
  • Why do i need a Shareholders Agreement?

    You need a Shareholders Agreement to protect your investment in a company.  The shareholders Agreement establishes a fair relationship between all shareholders and sets out how the company is run.
  • What is a trademark?

    A trademark can be any word, sign, symbol or graphic that you apply to your company, goods or services to distinguish them from those of your competitors; for example, a brand, product or company name, or logo. The trademark serves as a badge of origin for your business and its brands and products, and can consist of words, logos, slogans, colours and shapes, or a combination of all of these.
All FAQs
Call Us Now on +234 901 719 0079 Chat on WhatsApp