Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

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

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


Author: Anna Dorozhkina

Tags: Russian business Russian laws    

Next Previous

You might also find interesting:

Legal Entities and Individual Entrepreneurs have been Exempted from Fees for Electronic Registration
Russian Government would not Increase the Tax Burden on Businesses within the Next Six Years
Russia Returned to the Top 10 European Countries in Terms of the Number of Projects with Direct Foreign Investment
Strong Spirits: Vodka, Gin and Absinthe have Risen in Price in Russia
Tax Free Systems Launched in Russia Shows Good Results

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
elections in Russia  Sochi Games   St. Petersburg  Russian Cinema  Gays  Russian regions  Cities of Russia  Music Festivals  Russian Drama Theatre  Resources  Russian reporters  Zenit St. Petersburg  The All-Russian Exhibition Centre  Raspberry Festiva  Mountain Complex  Robots  Moscow  travel to Russia  the Kazan Kremlin  Russian sport  Vasily Shuisky  Russian theatre  family  Russian army  Mikhail Boyarsky  Russian regions and cities  Norilsk Nickel  Power Plants  Archeological Finds  Alexander Vasilyev  Russia travel  Mikhail Prokhorov  Mercedes-Benz Fashion Week Russia  All Events  Classical Music  Russian banks  Russian tourism  Electrotheatre  Central Bank  Astrakhan Region  Exhibitions in Moscow  Heroism   International space station  Festivals in Moscow  Russian Photographers  The Spring of Russian Animation  Russian Automobile market   Russian business  Tomsk Museums  Moscow Tourist Attractions 

Travel Blogs
Top Traveling Sites