Content Creators must Register and Pay Taxes – CAC

The Corporate Affairs Commission has asked social media content creators, Instagram users, and TikTok users with large followers to register their businesses with the commission in accordance with the Company and Allied Matters Act 2020.

The move comes amidst alleged plans by the Federal Inland Revenue Services to onboard media content and influencers into its tax system.

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

The visit from the Opay team was to ensure the regularization of 300,000 agents and merchants with the commission.

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

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

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