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The Purchase of Advertisements on Facebook for Russian Accounts will be Subject to a New VAT
20.12.2018 00:43
The Purchase of Advertisements on Facebook for Russian Accounts will be Subject to a New VAT
Source: https://postnews.ru/p/short)

Beginning from January 2019, the purchase of advertisements on Facebook for Russian accounts will be subject to a value added tax (VAT) in the amount of 20%, as the official statement of the social network says. It is noted that the tax will be levied regardless of the fact whether the advertisement is purchased for personal or commercial purposes. All advertising accounts indicating Russia as the company's country will be subject to VAT.

      Find more about Russian laws and consult our attorneys.

      “Let’s suggest that you have recently written off $ 100, because you have reached the billing threshold of $ 100. The subtotal for the write-off will make up $ 100 for advertising, and then VAT at a rate of 20% will be charged, so you will pay a total of $ 120 ($ 100 + $ 20 = $ 120). VAT is added to the total amount of funds written off, so you will not reach the billing threshold faster, but the amount exceeding the billing threshold will be written off your account”, as the social network explains the way tax collection works.

      Read More Articles about Business in Russia


Sources: http://lenta.ru 


Author: Anna Dorozhkina

Tags: Russian business Russian laws    

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