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A tax audit can be a stressful period for any business owner, but preparation is the best defense. In 2026, the NRS focuses heavily on ‘digital reconciliation’—comparing your TaxPro Max filings with your actual bank inflows. If these don’t match, you need to have your documentation ready.
The Pre-Audit Checklist
- Organize Records: Have your Audited Financial Statements, Trial Balances, and General Ledgers for the last 6 years ready.
- WHT & VAT Schedules: Ensure every WHT credit note you’ve claimed is backed by a digital receipt.
- Bank Statements: Reconcile every ‘credit alert’ in your corporate account. If it wasn’t revenue, have proof (e.g., director’s loan).
- Staff Records: Ensure PAYE remittances match your payroll.
If you find an error before the audit starts, consider a voluntary disclosure to avoid the 40% WHT non-remittance penalty. For professional representation, contact KPMG Nigeria or see the NRS portal for compliance tips.
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