Zoom To Charge Nigerians 7.5 Percent VAT

By akintunde On Dec 14, 2021

(FILES) In this file photo illustration taken on March 30, 2020, a Zoom App logo is displayed on a smartphone in Arlington, Virginia. - Zoom, the videoconferencing firm, has agreed to settle a class-action US privacy lawsuit for $85 million dollars, it said on August 1, 2021. (Photo by Olivier DOULIERY / AFP)

Zoom Video Communications, Inc. (Zoom) says it will begin to charge 7.5 percent value-added tax (VAT) on customers in Nigeria from January 1, 2022. Zoom said this in a statement issued on Monday.

The company said the additional charge is due to the new VAT policy in Nigeria.

“For customers with a sold to address in Nigeria, Zoom 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,” the statement reads.

“Zoom is routinely evaluating its indirect tax collection and remittance obligations. The application of these taxes to businesses with online activities is a complex and evolving area.

“This applies if you are registered for VAT in Nigeria and if you are not registered for VAT in Nigeria.In carrying out this action, Zoom said customers who are registered for VAT in Nigeria are advised to provide their valid Taxpayer Identification Numbers (TINs).

– Parrot

Zoom To Charge Nigerians 7.5 Percent VAT

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Zoom To Charge Nigerians 7.5 Percent VAT

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