LCCI To NRS: REV360 Failure Demands Immediate One-Month Filing Extension, Penalty Waiver

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Ikechi Nzeako

The Lagos Chamber of Commerce and Industry (LCCI) has told the Nigeria Revenue Service (NRS) that REV360 failure demands immediate one-month filing extension and penalty waiver for business entities that are yet to file their Company Income Tax returns. The chamber asked service to reconsider its 30th June deadline for the filing of the returns.

A press statement signed by Dr Chinyere Almona, Director General of the chamber, said that while the chamber is not shielding businesses from blame of waiting till the last minute of the deadline, the hitches experienced in filing on the newly launched Rev360 portal cannot also be ignored.

It stated that Rev360, NRS’s newly launched tax platform, suffered prolonged downtime on June 30, the statutory CIT filing deadline, leaving thousands of companies unable to file with hours to spare, adding that the companies were not responsible for platform failure.

The chamber said that it understood that such a new system launched too close to a hard deadline can develop teething problems especially due to a peak-day traffic, saying that a predictable last-minute volume has exposed its lack of capacity, producing login failures, validation errors, and failed submissions precisely when businesses needed reliability most.

LCCI demanded that NRS extend the CIT filing deadline by one month; waive all penalties for companies that attempted to file on or before June 30 but were blocked by the outage; and urgently stabilize Rev360’s capacity before the next filing deadline.

The LCCI called on the NRS to announce the extension and penalty waiver as soon as possible to avoid apprehension and confusion in the business community.

The chamber urged the tax agency to consider an extension of the deadline a necessity at this time.