Henceforth, Nigerians using the Google platform to do business will start paying 7.5 percent as value-added tax.
Nigerian users will begin paying more from April 1, 2022, in a bid to comply with Nigeria’s legislation on VAT which came into effect on February 1, 2020, under the new Finance Act.
In a statement by the company, the VAT rate charge would apply to customers operating a Google business account.
The statement reads in part, “Due to new legislation in Nigeria, starting April 1, 2022, Google will be required to charge 7.5 percent VAT on all taxable goods and services.
“No action is required on your side about your Google business account.
“The amount of VAT charged on purchases would appear as a separate line in customers’ business accounts and invoices or statements will also show the amount of VAT charged.
“The amount of VAT charged on your purchases will appear as a separate line in your account; your invoice or statement will show the amount of VAT charged.”
Already, Facebook and Zoom have started charging 7.5 percent VAT on all services provided to Nigerian customers.
In a video making waves on social media platforms, Nigerians have reacted with mixed feelings…
A popular Nigerian TikToker identified simply as Seaking has been arrested by operatives of the…
Throughout history, some individuals have endured extraordinarily long prison sentences, with their stories reflecting the…
There is growing tension in Modakeke, Osun State, following the alleged arrest of two lovers,…
A victim of the stampede that occurred in Ibadan, Oyo State capital, which has claimed…
The vibrant Osun State is no stranger to captivating events and headlines that draw attention…
This website uses cookies.