Lagos records 92% rise in individual tax filings
Lagos tax filings see a 92% surge in individual returns and 11% in corporate filings, boosting the state’s overall tax revenue by 29% in H1 2026. Read More: https://punchng.com/lagos-records-92-rise-in-individual-tax-filings/
Lagos state saw a significant 92 percent increase in individual tax filings between 2025 and 2026, according to the Lagos State Internal Revenue Service (LIRS). The LIRS disclosed this during a forum held by the Lagos Chamber of Commerce and Industry (LCCI) on emerging tax matters. Corporate tax filings rose by 11 percent during the same period.
The reforms, which commenced on January 1, 2026, have begun to change taxpayer behavior and tax administration in the state. Overall tax revenue collections in Lagos increased by 29 percent in the first half of 2026 compared to the same period in 2025. Payroll tax collections rose by 36 percent, while other revenue lines increased by 15 percent.
However, 54 percent of taxpayers who paid taxes in 2025 had not paid or were expected to pay less in 2026. Only about 2 percent of the sampled taxpayers were expected to pay more than their 2025 liabilities. LCCI President Leye Kupoluyi emphasized the need for a fair, predictable, and efficient tax system that supports economic growth.
He warned against increasing the burden on existing taxpayers and advised broadening the tax base, improving compliance, and reducing leakages.
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