Connect with us

Business

Federal Tax Agency’s Position on Taxing Online Content Creators Clarified

Published

on

The Federal Inland Revenue Service, FIRS, has clarified that it currently has no intention of imposing taxes on online content creators.

Speaking anonymously to NAN, a FIRS staff member stated that skit makers are not within the scope of the agency’s taxation policies.

“FIRS does not handle Personal Income Tax; this falls under the jurisdiction of State governments. FIRS is responsible for collecting Company Income Tax. Only corporate entities earning profits of N25 million and above are obligated to pay taxes,’’ the staff member explained.

Recently, a media platform had quoted FIRS as identifying content creators and influencers as a significant segment of tax defaulters.

Meanwhile, FIRS has introduced a new structure aimed at enhancing the country’s tax administration.

Dr Zacch Adedeji, the Executive Chairman of FIRS, mentioned that the new structure is designed to establish a more effective and contemporary tax administration approach.

He added that the agency is adopting an integrated tax approach, harnessing technology at every stage.

“This approach places FIRS at the forefront of innovation, ensuring that we meet the evolving needs of our taxpayers in a rapidly changing world.
The structure advocates a comprehensive taxpayer service approach, consolidating our core functions and support under one roof,” Dr. Adedeji stated.

He further explained, “By tailoring our services to specific taxpayer segments, we aim to simplify the taxpayer experience, eliminating complexities and overlaps for a seamless and user-friendly interaction for every taxpayer.”

He also highlighted that the move would steer the agency away from traditional tax categorization.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending