The social media giant in a statement issued on Thursday
disclosed that the charge will apply to those buying ads for businesses or
personal purposes in compliance with the implementation of a value-added tax
(VAT) in Nigeria.
The statement noted that all those exempted from VAT would
be able to recover the fund if they provided their tax ID.
"If you're registered for VAT and provide your VAT ID,
your VAT ID will show up on your ads receipts," it added.
"In the event that you're entitled to recover the VAT,
this may help you recover any VAT you paid to the Nigerian tax authorities if
you are a VAT registered business in Nigeria."
Facebook (now META) is the parent company of Instagram, FB
Messenger, and Facebook social media channels.
We also learnt that the new 7.5 percent VAT charge will also
apply to Instagram ads.