Rev360 Crash: LCCI demands CIT deadline extension, penalty waiver

By Yinka Kolawole

The Lagos Chamber of Commerce and Industry (LCCI) has urged the Nigeria Revenue Service (NRS) to immediately extend the June 30, 2026 deadline for filing Company Income Tax (CIT) returns by one month.

This, according LCCI, follows what it saw as widespread technical failures on the newly deployed Rev360 tax platform that left thousands of companies unable to comply with the statutory deadline.

In a statement, yesterday, Director General of LCCI, Dr. Chinyere Almona, argued that while some businesses waited until the final day to file their returns, the prolonged disruption of the portal on the deadline day made compliance impossible for many taxpayers.

According to her, Rev360, which was launched barely two months ago, suffered prolonged downtime on June 30, triggering login failures, validation errors and unsuccessful submissions as companies raced to meet the filing deadline.

“The failure was that of the platform, not the taxpayers,” she said, stressing that deploying a new digital tax system shortly before a major compliance deadline inevitably comes with operational challenges, particularly under heavy traffic.

Almona noted that the predictable surge in last-minute filings exposed the platform’s inadequate capacity, leaving many businesses locked out of the system at a critical period.

She called on NRS to take three immediate steps to restore confidence in the tax administration process: extend the CIT filing deadline by one month; waive all penalties for companies that attempted to file on or before June 30 but were prevented by the system outage; and urgently strengthen the capacity and stability of the Rev360 platform before the next filing cycle.

The LCCI DG said a prompt announcement of the deadline extension and penalty waiver would calm growing anxiety within the business community and prevent unnecessary disputes arising from a failure beyond taxpayers’ control.