Google Inc. has announced the implementation of a 7.5 vat tax on Nigerians for all of its products. The charge is expected to commence from April 1, 2022, according to an announcement made by the company.
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Google maintained that the VAT charge is to enable them be in compliance with Nigeria’s legislation on VAT which came into effect on February 1, 2020, under the new Finance Act, which Facebook and Zoom have already started implementing
Google also stated that the charges will only apply to users with “Business Account”, but free users who wants to upgrade to a business account, will have to pay the same 7.5 VAT.
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“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 with regard to your Google business account.” – the company said.
“Notable changes to customers’ Google business account: 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,”
“Google can’t advise you on tax matters, so please contact your tax adviser for any questions regarding this change.” it added.