With the June 30 filing deadline approaching, taxpayers are preparing to use Rev360, the Nigeria Revenue Service’s newly launched tax administration platform, which replaces TaxProMax.
The new administration platform introduces several enhancements aimed at improving efficiency, including seamless onboarding, self-service account management, and end-to-end tax management.
“The platform offers a more transparent and efficient way to identify, manage, and resolve tax obligations to reduce administrative bottlenecks and unnecessary physical interactions,” said Forvis Mazars in a recent report on Rev360
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According to Olufemi Idowu, partner, tax services at Kreston Pedabo, the timing of the migration is significant.
“The launch timeline is noteworthy, as it comes barely two months before 30 June, which is a statutory filing deadline for many corporate taxpayers,” Idowu said in a recent guidance note to taxpayers.
He advised businesses to preserve copies of all filings, payment receipts, acknowledgements, and reconciliations from TaxProMax; review outstanding discrepancies, credits, or unposted payments early; file ahead of the June 30 deadline where possible; and closely monitor official communication from the Nigeria Revenue Service for additional guidance during the transition.
Here is a practical guide on how to file income tax using Rev360
Log in to the Rev360 portal
Start by visiting the Rev360 self-service portal and signing in using your business credentials.
Your Tax Identification Number (TIN) is central to the process. Under Rev360, the TIN serves as the single identifier for tax filing, payments, correspondence and account management.
Before proceeding, businesses should confirm that their profile details are accurate and up to date.
Select the relevant income tax filing
From the dashboard, navigate to the tax filing section and choose the applicable income tax return.
Depending on the filing category, the system may generate an Excel tax computation template for download.
Download and complete the tax computation template
Download the Excel template and complete the required financial information.
This may include:
Company income and revenue details
Add-back adjustments
Deductible expenses
Capital allowance computation
Relevant tax adjustments for the filing year
The template is designed to automate calculations, reducing the need for manual computation.
Before uploading, businesses should review all figures carefully and ensure all sections are completed accurately.
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Check the completion bar
Before proceeding, confirm that the completion progress indicator on the template reads 100 percent.
If it is below 100 percent, it may indicate:
Missing entries
Incomplete sections
Required figures not yet filled
Taxpayers are advised not to proceed until all required fields are complete.
Upload the completed template
Save the completed Excel file, return to the Rev360 portal, and upload it through the designated section.
After upload, the system will process the information and generate a tax computation preview.
Preview and validate the tax computation
Review the system-generated tax computation carefully to confirm:
Taxable profit is correct
Adjustments are properly reflected
Final tax liability matches expectations
This is the final opportunity to identify errors before submission.
Upload audited financial statements
After confirming the computation, businesses will be required to upload supporting documents, including audited financial statements.
Required documents may include:
Auditor’s report
Statement of profit or loss
Statement of financial position
Statement of cash flows
Statement of changes in equity
Notes to the accounts
Capital allowance computation
Documents should be clearly scanned, legible, properly arranged, and uploaded as one consolidated PDF where possible.
Figures in the uploaded statements should match the values entered in the tax template.
Submit and retain your records
Once everything has been reviewed and uploaded, submit the return electronically.
Businesses should keep copies of:
Uploaded tax templates
Payment receipts
Filing acknowledgements
Submitted financial statements
These records may be required later for tax audits, queries, reconciliation, or tax clearance purposes.
As businesses prepare for the June 30 filing deadline, tax professionals say the immediate priority is to file early, reconcile historical records, and become familiar with the new system while the transition settles.
While some operational challenges are expected in the early phase, analysts say Rev360 could significantly improve the tax filing experience over time by reducing manual bottlenecks and making compliance more transparent.
As Forvis Mazars noted in its report, “if effectively implemented, Rev360 has the potential to simplify tax compliance, improve taxpayer confidence, and support a scalable, self-service-driven revenue administration framework in Nigeria.”
For taxpayers, the weeks ahead will be an early test of that promise.