Content Creators Who Refuse To Pay Tax Will Be Penalized – CAC

Skit makers, content creators and influencers must register their businesses and pay taxes, Corporate Affairs Commission has mandated.

ADVERTISEMENT

The Corporate Affairs Commission has warned that skit makers social media influencers, Instagram, and TikTok users with large followings who refuse to pay tax risk being penalized.

The Registrar General, CAC, Hussaini Magaji, revealed this on Tuesday, when he was paid a courtesy visit by the Managing Director, Opay, Dauda Gotring, and his team in Abuja.

Recall that the Federal Inland Revenue Services on Monday revealed that social media influencers and skit makers are exempted from paying tax as they do not fall within the purview of the FIRS.

But the CAC boss said that social media and content creators are generating a lot of money without paying any form of tax to the Federal Government.


PAY ATTENTION: Follow Dockaysworld on Facebook and stand a chance to win ₦100,000 in our top fans challenge CLICK HERE to participate now and win exclusive prices, airtime and gifts!!!!!

Magaji said, “Ignorance of the law is not an excuse. It is stated in the Company and Allied Matters 2020 that for any business to take place in Nigeria, whether you are doing business with your name or another name, you must surrender your business for registration.

” If you are a content creator on the internet and you have a large followership and you are gaining or making money from it, you must register and that’s the provision of the law.

“And we are all out to enforce the provision of the law with its penalties.”

He added that the commission will soon begin compliance checks to ensure these businesses start paying their taxes to the government.

He added, “This cannot go on, these groups of people are under mandate to register as a business considering the amount they make from the content creation. The government is all out to ensure every business in Nigeria, no matter what or how, is registered with the CAC.


PAY ATTENTION: Follow Dockaysworld on Whatsapp to never miss breaking news JOIN US NOW to get news that matters at your convenience!!

Share this article



Follow Dockaysworld

ADVERTISEMENT

Recommended articles

Sanusi makes first appointment as Kano Emir

Sanusi makes first appointment as Kano Emir

Gunmen kill Nigerian soldiers in deadly ambush (Video)

Gunmen kill Nigerian soldiers in deadly ambush (Video)

Labour announces date to conclude minimum wage talks with FG

Labour announces date to conclude minimum wage talks with FG

Umo Eno’s Leadership Model worthy of emulation – Arewa Journalists Forum

Umo Eno’s Leadership Model worthy of emulation – Arewa Journalists Forum

Sanwo-Olu appoints new deputy chief of staff

Sanwo-Olu appoints new deputy chief of staff

FG speaks as Labour rejects N60K minimum wage proposal

FG speaks as Labour rejects N60K minimum wage proposal

Game of thrones: Federal court orders Emir Sanusi’s eviction from palace

Game of thrones: Federal court orders Emir Sanusi’s eviction from palace

ECOWAS Seeks Sustained Collaboration on 49th Anniversary

ECOWAS Seeks Sustained Collaboration on 49th Anniversary

Labour rejects FG’s fresh minimum wage proposal

Labour rejects FG’s fresh minimum wage proposal