Sunday, June 4, 2023
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
TechBooky Africa
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
  • Fintech/Finance
  • Login
No Result
View All Result
TechBooky Africa
Home Enterprise

Google Set To Commence A 7.5% VAT For Nigerians By April 2022.

The search engine's new tax policy is influenced by the modified Nigerian Tax policy.

Eni by Eni
March 3, 2022
in Enterprise
0

Google joins the list of other social media companies to regulate its VAT policy in Nigeria to a 7.5% per the Nigerian legislation. Google reportedly amends its tax policy exclusively for its Nigerian user base — the tech behemoth tends to charge 7.5% of any taxable goods and services developed by either Google or Alphabet Inc.

Related posts

GAC Motor Nigeria, Jiji, and Cars45 Forge Powerful Partnership To Revolutionise The Automotive Industry

GAC Motor Nigeria, Jiji, and Cars45 Forge Powerful Partnership To Revolutionise The Automotive Industry

May 23, 2023
Microsoft 365

The “.cloud.microsoft” Domain Will Be Incorporated With Microsoft 365 Apps.

April 28, 2023

Value Added Tax is duties obliged to the final users of goods or services being charged for each production phase of the finished product.

The new Value Added Tax policy Google drafted for Nigerian is scheduled to commence on April 1st. The Nigerian digital market is aware of Google’s VAT notice per the viral message the search engine disbursed to Nigerians via mails.

“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 concerning your Google business account.” Google said the new VAT policy will commence from the first of April in sync with the Nigerian constitution.

The search engine revealed that value-added tax bills will be tagged with the same purchased goods or services. This VAT bill will also be separated from users’ actual transactions on the Google platform. In other words, the payment will be visible on another section of the users’ 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 continued to reveal the VAT policy is exclusive for its users on its business platforms that are likely to yield invoices or purchase receipts.

The Nigerian regulations have been keen on scolding the void in social media and the digital market. Recall the Nigerian legislation enacted the 7.5% VAT prior to 2022. The Meta and the subsidiaries existing in its Metaverse have reportedly obliged to the Nigerian 7.5% VAT charge — the likes of Facebook, Instagram imposed the new VAT on 2022’s new year’s day.

Nigeria joins the list of countries to regulate the digital market with VAT obliged to final consumers. The likes of the UK, Indonesia, Egypt, etc, have reportedly imposed VAT on online products — this bill is reserved for final users of the product. For context, the Egyptian government charges the most VAT — a 14% additional tax per the value of the products, while other countries charge 10% of the actual price of the digital product.

Total
1
Shares
Share 1
Tweet 0
Pin it 0
Share 0
Tags: googletechnologyVAT
Previous Post

Cadana Shares Strategic Partnership With Flutterwave To Influence The Nigerian Market.

Next Post

Mercury The Bank For Startups Has Reportedly Frozen Startup Bank Accounts Tied with Suspicious Activity.

Next Post
Mercury The Bank For Startups Has Reportedly Frozen Startup Bank Accounts Tied with Suspicious Activity.

Mercury The Bank For Startups Has Reportedly Frozen Startup Bank Accounts Tied with Suspicious Activity.

RECOMMENDED NEWS

Binance Chief Executive Changpeng Zhao Acknowledges Regulatory and Platform’s Activities in Africa.

Binance Chief Executive Changpeng Zhao Acknowledges Regulatory and Platform’s Activities in Africa.

2 years ago
Disha Is Officially Flutterwave’s First Digital Subsidiary Company.

Disha Is Officially Flutterwave’s First Digital Subsidiary Company.

2 years ago
Pixxel

Google Led Pixxel Fund Raising Round To Close At $36 Million.

1 day ago
Samsung’s New Foldable Phones Are Cheaper, More Durable With Under-Screen Camera

Samsung’s New Foldable Phones Are Cheaper, More Durable With Under-Screen Camera

2 years ago

FOLLOW US

  • 70.9k Followers

BROWSE BY CATEGORIES

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa

BROWSE BY TOPICS

5g acquisition africa AI app banking CBDC cbn central bank of nigeria ChatGPT cloud cryptocurrency Crypto market cybersecurity e-commerce east africa ecommerce economy fintech funding Fundraising google government internet investment kenya License microsoft mtn ncc nigeria Partnership Regulator remittance ride hailing seed social media software south africa startup technology telecom twitter west africa whatsapp

Featured Categories

App
31 Posts
View Posts
Banking
18 Posts
View Posts
Business
15 Posts
View Posts
Cryptocurrency
35 Posts
View Posts
Cybersecurity
19 Posts
View Posts
East Africa
32 Posts
View Posts
Economy
18 Posts
View Posts
Enterprise
36 Posts
View Posts
Event
11 Posts
View Posts
Fintech/Finance
103 Posts
View Posts
Funding
32 Posts
View Posts
Gadget
13 Posts
View Posts
Government
68 Posts
View Posts
Insight
7 Posts
View Posts
Internet
23 Posts
View Posts
Investment
20 Posts
View Posts
Nigerian/African Tech
38 Posts
View Posts
North Africa
3 Posts
View Posts
Personnel
2 Posts
View Posts
Research/How to do it
4 Posts
View Posts
Service
23 Posts
View Posts
Social Media
32 Posts
View Posts
Southern Africa
20 Posts
View Posts
Startup
92 Posts
View Posts
Telecom
46 Posts
View Posts
Transport
17 Posts
View Posts
Uncategorized
2 Posts
View Posts
West Africa
50 Posts
View Posts
No Result
View All Result
Loading
  • WASSCE
    The WAEC Council Apprehended Website Administrators For WASSCE Leak.
    • June 4, 2023
  • Pixxel
    Google Led Pixxel Fund Raising Round To Close At $36 Million.
    • June 3, 2023
  • TransferGo
    TransferGo Collaborates With High Impact Careers To Upskill African Migrants.
    • June 3, 2023
  • FinTech NGR & Huawei Cloud
    Huawei Cloud Co-Signed The Nigerian FinTech Cloud Adoption White Paper With FinTech NGR
    • June 2, 2023
  • INNODIP Rwanda
    INNODIP Will Eradicate Unemployment In Rwanda By December 2023.
    • June 1, 2023
TechBooky Africa

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc.

Follow us on social media:

Recent News

  • The WAEC Council Apprehended Website Administrators For WASSCE Leak.
  • Google Led Pixxel Fund Raising Round To Close At $36 Million.
  • TransferGo Collaborates With High Impact Careers To Upskill African Migrants.

Category

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa
  • Home
  • TechBooky
  • Business
  • Video
  • Contact Us

© 2022 Techbooky Africa .

No Result
View All Result
  • Home
  • TechBooky
  • Business
  • TV
  • Startup

© 2022 Techbooky Africa .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In