LCCI Demands 1-month Company Income Tax Filing Extension, Penalty Waiver

The Lagos Chamber of Commerce and Industry (LCCI) has called on the Nigeria Revenue Service (NCR) to extend the June 30, 2026 Company Income Tax filing deadline by one month and waive all penalties after the newly launched Rev360 tax portal suffered prolonged downtime.

The director-general of LCCI, Dr Chinyere Almona stated this in a statement titled, ‘LCCI to NRS: Rev360 Failure Demands Immediate One-Month Filing Extension and Penalty Waiver’ released to the media.

According to Almona, the Chamber wishes to call on the Nigeria Revenue Service to reconsider its 30th June deadline doe the filing of Company Income Tax. 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.

She pointed out that “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. This is a platform failure, not a taxpayer failure.

“We also understand that such a new system launched too close to a hard deadline can develop teething problems especially due to a peak-day traffic. 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.”

She added that “LCCI’s Demand to NRS Is Direct and Threefold: 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.”