All advertisers with a business country of Nigeria will, from January 2022, pay an additional 7.5% VAT on advertising services on Facebook. Platforms Africa reports that Facebook made the announcement in a notice on Saturday morning Nigerian tine, stating that the commencement of the new VAT regime is in line with the Nigerian Government’s policy. The notice read: “Due to implementation of a value-added tax (VAT) in Nigeria, Facebook is required to charge VAT on the sale of ads to advertisers, regardless of whether you’re buying ads for business or…
Read MoreBREAKING: Facebook Slams 7.5% VAT Hike on Nigerian Adverts From Jan 2022
