The Corporate Affairs Commission is here again. This time, guess who the target is?

Social media content creators!

Yes, you heard me.

The Registrar General of CAC has come to the conclusion that social media platforms and content creators have been generating significant revenue without contributing taxes to the Federal Government.

The next step?

Influencers on platforms like Instagram and TikTok, especially those with substantial followings, are now required to register their ventures with the commission, adhering to the stipulations of the Company and Allied Matters Act 2020.

Not only that, this mandate applies regardless of whether you operate under your personal name or a business name.

How do you feel about this new requirement? Share your thoughts in the comments below.