Nigerians using Google platform for business would begin to pay 7.5 per cent as value-added tax starting from April 1, Google, a leading technology outfit, has announced.
It gave the indication in a statement, saying that the new rate was in keeping with Nigeria’s legislation on VAT which came into effect on February 1 under the new Finance Act.
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According to the technology giant, the VAT rate charge would be applicable to customers operating a Google business account.
A statement by the company read, “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 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.
“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.”
