Zoom Video Communications, Inc. has said it will begin to charge 7.5 per cent value-added tax (VAT) on customers in Nigeria from January 1, 2022.
Zoom said this in a statement issued on Monday.
Recently, reports have also pointed out that Nigerians will pay the same amount on Facebook ads from January 1st as a result of the new VAT policy in Nigeria.
Describing the move as necessary, Zoom stated that For customers in Nigeria, the app will begin applying VAT to invoices and remitting the VAT collected through Zoom’s VAT registration in Nigeria in accordance with the new rules relating to Value Added Tax for Non-Resident Suppliers of Electronically Supplied Services.
In carrying out their action, Zoom said customers who are registered for VAT in Nigeria are advised to provide their valid Taxpayer Identification Numbers (TINs).
The company further said it will only be collecting VAT for invoices generated on or after January 1, 2022.
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