Welcome to the Rev360 How-To Series, where we guide you through every step of filing π.
Today, we show the filing process for Companies Income Tax (CIT).
You say Transformation, We say Rev360!
#Rev360#HowToSeries#NRS#FileWithEase
Sales look good on paper.
Cash is what keeps you alive.
Receivables must be:
β Real
οΏ½οΏ½ Accurate
β Collectible
Audit your receivablesβprotect your cash flow.
#Audit #Accounting #CashFlow
WE ARE LIVE WITH Rev360.
The future of tax administration in Nigeria isnβt coming, itβs here.
Smarter systems. Seamless compliance. A new era starts today.
You say Transformation, We say Rev360
π #Rev360#NRS#TogetherWeRiseTogetherWeProsper
Join us at 10a.m as the Rev360 Webinar Series kicks off. It is your gateway to a smarter, faster and more transparent tax processes
Theme: Enhancing Taxpayer Experience through Innovation
πJoin the Webinar using the barcode β¬οΈ or through the link: https://t.co/2mWSJaGErV?β¦
The Nigeria Nigeria Service (NRS) (formerly Federal Inland Revenue Service (FIRS) is going digital with the introduction of Rev360. This will enhance compliance.
#Rev360#TaxProMax#NRS#FIRS
A new name. A new era. A new standard. π
The Nigeria Revenue Service is proud to introduce Rev360; our next-generation tax administration platform, launching April 30, 2026.
The transformation of Nigeriaβs revenue system isnβt coming. Itβs here. π³π¬
#Rev360#NRS
PRESS RELEASE: NIGERIA REVENUE SERVICE ANNOUNCES THE UPCOMING LAUNCH OF Rev360
See β¬οΈ for more details
The future of tax administration in Nigeria is HERE! π³π¬
With the launch of the NAFDAC Call Centre, you can report issues, make enquiries, or get verified information on regulated products and services.
π Complaints: 0800-1-NAFDAC (0800-1-623322)
π Enquiries: 0700-1-NAFDAC (0700-1-623322)
Call. Speak. Resolve. Your voice helps us protect public health and ensure safer products for all Nigerians.
On April 14, 2026, the Nigeria Revenue Service (NRS) officially commissioned its long-awaited Corporate Headquarters at Plot 1241, Kur Mohammed Avenue, Central Area, Abuja; a landmark moment in Nigeriaβs fiscal and institutional reform journey.
βπ πππ ππππ πππππ:Β βπππππ πππππππ π ππππππ ππππππ ππππππ ππ πππ πππ πππ ππππβ
Β
Our attention has been drawn to misleading media reports claiming that the Honourable Minister of State for Finance, Mr. Taiwo Oyedele has "finally admitted errors in the new tax laws." These publications misrepresent the Minister's statements, falsely alleging that he urged Nigerians to await the outcome of a "legislative probe", a process that has long been concluded and the gazetted copies certified by the National Assembly published since early January 2026.
Β
This twisted narrative is unhelpful as it risks distorting public understanding and misleading the very people the reforms were designed to benefit.
Β
The Minister, during a recent fireside chat at the NBA SLP conference in Lagos, highlighted the early positive impact of the new tax laws, including thousands of informal businesses now seeking CAC registration daily while the number of individuals registered for tax purposes nationwide has increased from barely 10 million before the reform to over 100 million.
Β
These impressive results stem from the robust design and progressive nature of the new laws, which include:
- Exemption of small companies from tax.
- Increased exemption thresholds for low-income earners.
- Tax exemptions on basic consumption items like food, education, healthcare, transportation, and rent.
- Introduction of the Tax Ombud to protect taxpayer right.
Β
The Minister contrasted the transformative changes in the new laws with the regressive provisions in the old laws. He however emphasised that no law is perfect. Therefore, ongoing stakeholder engagement is essential to identify and address any errors or gaps for appropriate legislative updates through Finance Bills as part of a continuous improvement process.
Β
We urge members of the public to disregard sensational headlines and twisted narratives and rely exclusively on official sources and credible media organisations for accurate information regarding the tax reform and other government policies.
Β
God bless Nigeria!
-π·πποΏ½οΏ½ππ ππππππ ππππππ π·πππππ & π»ππ πΉππππππ πͺππππππππ
The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing annual tax returns to April 30, 2026. This extension gives taxpayers in Lagos State extra time to meet their filing obligations avoid late filing penalties, and put their tax records in order.
Opinion Poll
I have heard various comments about the new tax law.
Whatβs your honest opinion about Taiwo Oyedeleβs tax reforms so farβhelping businesses or adding pressure?
#TaiwoOyedele#NewTaxLaw#TaxReform
Most businesses think wars donβt concern them.
They do.
Not on the battlefieldβ¦
But in your costs, pricing, and profits.
Fuel goes up
Transport goes up
Prices go up
Customers buy less.
Are you prepared for it?
How is this already affecting your business?
#Inflation#OilPrices