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LCCI Urges Tax Authority to Extend Company Income Tax Deadline After Rev360 Portal Failure

byAdedipe Temilolaoluwa
July 1, 2026
in Business, News
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The Lagos Chamber of Commerce and Industry (LCCI) has appealed to the Nigeria Revenue Service (NRS) to extend the deadline for filing Company Income Tax (CIT) returns by one month following major technical problems with the newly introduced Rev360 tax portal.

The Chamber also asked the tax authority to cancel penalties for businesses that were unable to complete their tax filings because the online platform stopped working on the official deadline of June 30, 2026.

In a statement released to the media, the Director-General of LCCI, Dr. Chinyere Almona, said the request became necessary after many companies experienced serious difficulties while trying to submit their tax returns through the Rev360 platform.

According to her, although businesses are expected to file their tax returns before the deadline, the technical problems encountered on the portal were beyond the control of taxpayers. She explained that many companies attempted to meet the deadline but were prevented from doing so because the platform suffered prolonged downtime.

Dr. Almona noted that Rev360 was introduced only about two months ago, making it a relatively new system. She said it was understandable that a newly launched digital platform could experience early operational challenges, especially during periods of heavy traffic.

She explained that on June 30, the final day for filing Company Income Tax returns, thousands of companies logged onto the portal at the same time, leading to login failures, validation errors, unsuccessful submissions and other technical issues. These challenges, she said, made it impossible for many businesses to complete their filings before the deadline.

According to the LCCI, the failure was caused by the platform itself and should not be viewed as the fault of taxpayers who made genuine efforts to comply with the law.

To address the situation, the Chamber presented three key requests to the Nigeria Revenue Service.

First, it asked the NRS to move the Company Income Tax filing deadline from June 30 to July 31, giving businesses enough time to complete their submissions once the system is functioning properly.

Second, the LCCI urged the agency to waive all penalties that may apply to companies that tried to file on or before the original deadline but were prevented by the portal’s technical problems.

Third, the Chamber called on the NRS to urgently improve the stability and capacity of the Rev360 platform before the next tax filing period to prevent a repeat of the same issues.

Dr. Almona stressed that digital tax systems are important for improving efficiency and transparency, but they must also be reliable and capable of handling high volumes of users, especially during critical filing periods.

The Chamber further appealed to the tax authority to announce its decision on the requested extension and penalty waiver without delay. It warned that uncertainty over the filing deadline could create unnecessary anxiety and confusion among businesses across the country.

LCCI believes that granting the extension would demonstrate fairness, protect compliant taxpayers from being punished for circumstances beyond their control, and strengthen confidence in Nigeria’s ongoing efforts to modernize its tax administration through digital technology.

Tags: Business NewsCompany Income TaxCorporate TaxDigital Tax SystemeconomyLCCINigeria Revenue ServiceNigerian businessesRev360tax filing
Adedipe Temilolaoluwa

Adedipe Temilolaoluwa

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