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The National Revenue Authority (NRA) has issued a public notice reminding all taxpayers, accounting firms, and tax advisory service providers of the requirement to file provisional income tax estimates for the 2026 Year of Assessment.
According to the notice, the 2026 Year of Assessment will commence on 1 January 2026, and all business entities and their clients are mandated to submit their budgeted revenue estimates through the Integrated Tax Administration System (ITAS) Portal.
The NRA stated that, in line with Section 113 (1) of the Income Tax Act, 2000 (as Amended), the official filing period for provisional income tax estimates runs from 1 January to 31 January 2026.
The Authority cautioned that failure to file within the stipulated timeframe, or the submission of estimates that are grossly understated, will attract action from the Commissioner General. In such cases, the Commissioner General is empowered under Section 104 (1) of the Income Tax Act, 2000 (as Amended) to raise an assessment of a taxpayer’s provisional income tax.
The NRA further clarified that taxpayers are allowed to review and revise their provisional income tax estimates up to two times during the year of assessment specifically on or before the end of the fourth and the tenth months of the assessment year.
The Authority has therefore urged all taxpayers, accounting firms, and tax advisory service providers to treat the notice with utmost seriousness and ensure full compliance with statutory filing deadlines in order to avoid penalties and enforced assessments.
