Google will start charging Nigerians 7.5% VAT on all taxable goods and services starting April 1. The American tech company Google says the 7.5% VAT is in line with the government’s new law.
“Due to new legislation in Nigeria, starting April 1, 2022, Google will be required to charge 7.5% VAT on all taxable goods and services. No action is required on your side about your Google business account”
What You Should Know!
In January 2020 the Nigerian government announced an increase in the VAT from 7.5% to 5% as part of his 2020 finance bill.
Zoom and Facebook patent META also implemented the 7.5% VAT on Nigerian customers which has generated over a 661.7billion naira for the federal government as of the first half of 2020
The minister of finance Zainab Ahmed said the increment in the VAT will be more beneficial to the state and local government areas facing difficult conditions.
Google has finalized they won’t be giving any information further on the matter advising business account holders to reach out to their tax adviser for proper information.
“Google can’t advise you on tax matters, so please contact your tax adviser for any questions regarding this change,” it said in the mail.