The UK’s HMRC is pursuing around 4,300 social media influencers and online earners to ensure they pay their taxes properly.
In Nigeria, the Federal Inland Revenue Service (FIRS) plans to implement taxes specifically for social media influencers and content creators.
The Lagos State government is introducing a new tax management system aimed at digital workers, foreign companies, and influencers living and working remotely.
Additionally, the Corporate Affairs Commission in Nigeria is encouraging popular social media content creators, especially those on platforms like Instagram and TikTok, to officially register their businesses as required by the Company and Allied Matters Act of 2020.
These moves aim to increase tax revenue and promote transparency in the digital economy. Social media influencers and online earners are advised to comply with these regulations to avoid penalties and legal issues.
