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The myth about new Google tax on vat. Recently all google products owner received messes concerning 7.5% Vat.
Below is an explanation of Google 7.5% Vat in Nigeria.
What does the 7.5% VAT payment mean?
Value Added Tax is a levy charged on each stage of production of goods and services to the end-user, usually the final buyer.
The implication of the VAT charge is that when you want to place an advertisement on Google with N1000, the money will be inclusive of a 7.5% VAT charge which means you will pay an additional N75 on the advertisement service worth N1000
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