The Federal Inland Revenue Service, FIRS, has said they will enforce tax payment for social media content creators and influencers. FIRS said social media content creators and influencers constituted a major block of tax evaders.<\/p>\n
\u201cThey are not paying,\u201d Dare Adekambi, Special Adviser on Media to the chairman of the FIRS, stated when asked if Nigerian content creators file tax returns. \u201cSkit makers, influencers and other content creators who are making money using digital platforms need to be paying tax.<\/p>\n
According to him, there is a law in Nigeria that requires everybody who earns income to pay tax. They earn in dollars. Tax is a civic obligation; civil servants are paying, so they also have to pay.<\/p>\n
\u201cThe Corporate Affairs Commission\u2019s Registrar-General and the FIRS\u2019 chairman recently discussed how they can synergize in bringing them into the tax net. The challenge is how to track them, but we are looking into it,\u201d Adekambi said.<\/p>\n
He said the FIRS would meet with content creators and influencers and make them see why they should voluntarily pay tax. \u201cBut if our friendly approach is taken for granted, then we will go for enforcement,\u201d he added.<\/p>\n
Moving forward, he said the FIRS would use data and technology to scale up tax revenues. \u201cIf Facebook, Instagram, Twitter and other social media platforms are paying taxes to the government, why would people using those platforms to create content and make money not pay? By the time a committee is set up to look into it, a broad spectrum of activities will be covered.<\/p>\n
\u201cThere is a way the government monitors everything in other climes. One of the cardinal goals of the current FIRS chairman is to leverage technology and data. When you have these, revenue will be predictable and it will be easy for the government to plan,\u201d he maintained, while lamenting the situation in Nigeria where social media content creators and influencers evade tax payment unlike the trend in developed countries like the United States and Australia where they are required to file their tax returns at a specified period.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Federal Inland Revenue Service, FIRS, has said they will enforce tax payment for social media content creators and influencers. FIRS said social media content creators and influencers constituted a major block of tax evaders. \u201cThey are not paying,\u201d Dare Adekambi, Special Adviser on Media to the chairman of the FIRS, stated when asked if […]<\/p>\n","protected":false},"author":16,"featured_media":18342,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[177,173],"tags":[558],"class_list":["post-18341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-abuja-reports","category-business","tag-firs"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/18341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=18341"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/18341\/revisions"}],"predecessor-version":[{"id":18343,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/18341\/revisions\/18343"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/18342"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=18341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=18341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=18341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}