Remember when the Minister of Finance Announced that he will be seeking a way to tax businesses on Facebook, Amazon and Twitter? Well, he was not joking. In an email addressed to all Zimbabwean Business Accounts, Facebook wrote,
Due to implementation of a value-added tax (VAT) in Zimbabwe, Facebook is required to charge VAT on the sale of ads to all advertisers in Zimbabwe. All advertisers with a business country of Zimbabwe will be charged an additional 14.5% VAT on advertising services purchased on or after September 1, 2020.
You don’t have to enter a Zimbabwe Tax ID. However, if you’re registered for VAT and provide your Tax ID, your Tax ID will show up on your ads receipts. This may help you recover any VAT you paid to Zimbabwe tax authorities if you are a VAT registered business in Zimbabwe.
This might just be the beginning. Eventually we may have Google Ads tax as well, it is a matter of time. Now will be a good time to add your tax details to facebook,
How to add your Tax ID to your Zimbabwe ad account:
- Go to Account Settings
- Scroll down to the field labeled “Tax ID Number”
- Add your Zimbabwe Tax ID
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