Tag: ads

US Sues Google Over Dominance Of Online Ad Market

25Jan

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International news

US Sues Google Over Dominance Of Online Ad Market

The US Justice Department sued Google on Tuesday for its dominance of the online advertising market, launching a fresh legal battle against the California-based tech giant over its world-leading search engine. A filing in the federal antitrust suit accused Google of "unlawfully maintaining monopolies" in the market for online advertising, search advertising and other activities linked to Google's search engine.

Kenyans to start paying 16% VAT on Facebook and Instagram Ads from November 1

2Nov

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Business

Kenyans to start paying 16% VAT on Facebook and Instagram Ads from November 1

Meta, Facebook’s parent company has announced that all Facebook ads in Kenya will be subject to value-added tax (VAT) VAT beginning this November. The social media giant said this in a statement issued on Wednesday on their business help centre. ‘’Beginning November 2022, Meta ads in Kenya are subject to a value-added tax (VAT) at the applicable local tax rate. This applies to all advertisers whose ‘Sold To’ country on their business or personal address is set to Kenya.’’ the statement read. Meta says VAT will be added whenever you’re charged for your ads regardless of whether you’re purchasing Meta ads for business or personal purposes. In Kenya, all traders with a turnover of taxable supplies of 5 Million per annum and above are required to register...