Tag: VAT
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Google to Charge Nigerians 7.5% VAT starting April 1
Google will now charge Nigerian customers 7.5% VAT on all taxable goods and services starting April 1, 2022. On Tuesday morning, the company announced this in an email sent out to its business account holders. “Due to new legislation in Nigeria, starting April 1, 2022, Google will be required to charge 7.5% VAT on all…
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Facebook to Charge 7.5% VAT from January on Ads
Starting from January 2022, businesses and individuals are to mandatorily pay 7.5 percent for Facebook Ads as Value Added Tax (VAT). This development came as the Federal Government shifts its attention to the various social media platforms for more revenue. Announcing this development in a statement released yesterday, Facebook said the tax will apply to…