The Lagos Chamber of Commerce and Industry (LCCI) has urged the Nigeria Revenue Service (NRS) to grant a one-month extension for the filing of Company Income Tax (CIT) returns. The appeal followed widespread technical glitches that occurred on the newly introduced Rev360 tax platform.
Director General, LCCI, Dr Chinyere Almona, made the appeal on Wednesday in Lagos via a statement. She also appealed to the NRS to waive penalties for companies that were unable to file their returns by the Tuesday statutory deadline due to the portal’s failure.
Almona explained that the prolonged downtime experienced on the Rev360 platform on the deadline day prevented thousands of companies from completing their tax filings. She noted that though some businesses waited until the last minute to file their returns, the widespread system failure could not be blamed on taxpayers.
The LCCI director general noted that while teething challenges were expected with a newly deployed digital platform, inaugurating it close to a major statutory deadline exposed businesses to avoidable risks. According to her, the heavy volume of last-minute users revealed shortcomings in the platform’s capacity.
She therefore appealed to the NRS to immediately extend the CIT filing deadline by one month and waive all penalties for companies that attempted to file on or before the deadline but were prevented from doing so by the system outage.
She also appealed to the revenue agency to urgently improve the platform’s capacity and reliability ahead of subsequent filing deadlines. According to her, adopting a cautious regulatory approach during the rollout of the new platform will help build confidence among taxpayers while supporting compliance.
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