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The Lagos Chamber of Commerce and Industry (LCCI) has called on the Nigeria Revenue Service (NRS) to reconsider its 30th June deadline for the filing of Company Income Tax.
In its statement, the Chamber noted that while it 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.
Launched about two months ago, 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.
According to the chamber, that was a platform failure, not a taxpayer failure.
The chamber explained that such a new system launched too close to a hard deadline can develop teething problems especially due to a peak-day traffic.
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“In addition to 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.”
In its three fold demand to NRS, the chamber asked for extension of 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 urged the NRS to announce the extension and penalty waiver as soon as possible to avoid apprehension and confusion in the business community.
“In the spirit of implementing the new tax system with a cautious regulatory approach, the Chamber considers an extension of the deadline a necessity at this time.”
