The Federal Inland Revenue Service (FIRS) has reassured the public that online content creators, including skit makers and influencers, are not currently targeted for taxation—provided they operate as individual creators rather than registered corporate entities. According to a FIRS official, only those registered as companies with profits exceeding ₦25 million fall under the purview of the agency. Personal income tax remains under state government jurisdiction.
Meanwhile, the Corporate Affairs Commission (CAC) has urged content creators with substantial followings—even as individuals—to register their ventures as businesses under the Companies and Allied Matters Act (CAMA) 2020. The CAC emphasizes that any monetized activity should have a formal business identity to align with legal requirements.
Although FIRS has not directly taxed creators yet, once registered under CAC and achieving a certain profit threshold, creators may be subject to taxes like Personal Income Tax (PIT), Value Added Tax (VAT) on services, and even Withholding Tax (WHT) on brand collaborations. Tax professionals caution that income from affiliate marketing, ad revenue, and sponsored content must eventually be declared.
Experts warn that while the current tax regime remains lenient, upcoming regulatory reforms could tighten the tax net. Many see the CAC’s registration push as laying groundwork for eventual integration into tax structures. Influencers and creators are encouraged to stay informed and seek guidance to remain compliant as the digital economy evolves.
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