Post by account_disabled on Feb 25, 2024 8:26:54 GMT 1
Most consumers of electronic services of large foreign companies are not even aware of the upcoming changes. These are ordinary people, owners of paid subscriptions to Netflix and Youtube. Intermediary companies and those who use Google and Facebook advertising offices feel much more anxious. In 2019, a tax on Google was introduced in Russia, and it caused quite a stircommotion among business representatives. In Ukraine, the situation is significantly changed by the fact that companies that use services of non-residents already paid a 20% advertising tax, which was abolished by the new law. In this way, nothing will change globally for Ukrainian business: 20% of the advertising tax will replace 20% of VAT.
But consumers of non-resident services without intermediaries will be hit in the pocket by the adopted law: it is unlikely that TechnoGigant will reduce their income. Therefore, a 20% increase in prices for subscriptions and other Internet services is highly expected. Some Business Owner Phone Numbers List points in the mechanism of the Ukrainian tax on Google raise questions, the answers to which only time will give: The threshold is UAH 1 million. This limit is designed to protect small businesses from taxation, but at the same time it gives TechnoGigant space to evade taxes by engaging intermediaries. In most EU countries, it is necessary to register as a taxpayer after the first sale. Synchronization of the entry into force of the law with its technical implementation.
At the time of writing, the "VAT for non-residents" service has not yet been launched. Will they have time to put it into operation? Will it work properly? And how will non-residents pay tax if they do not have time to launch the service? Read also : How we reduced the cost per install of a Facebook mobile app by 50% on a monthly budget of $60,000 Conclusions How appropriate is the introduction of a tax on Google in Ukraine? From the point of view of the average user, this is another attempt to supplement the budget at the expense of average users. And indeed, in the future, the price of Internet services may increase. But, if you look at the issue from all sides, then this is an attempt to reduce the outflow of tax deductions of large foreign businesses from the country.
But consumers of non-resident services without intermediaries will be hit in the pocket by the adopted law: it is unlikely that TechnoGigant will reduce their income. Therefore, a 20% increase in prices for subscriptions and other Internet services is highly expected. Some Business Owner Phone Numbers List points in the mechanism of the Ukrainian tax on Google raise questions, the answers to which only time will give: The threshold is UAH 1 million. This limit is designed to protect small businesses from taxation, but at the same time it gives TechnoGigant space to evade taxes by engaging intermediaries. In most EU countries, it is necessary to register as a taxpayer after the first sale. Synchronization of the entry into force of the law with its technical implementation.
At the time of writing, the "VAT for non-residents" service has not yet been launched. Will they have time to put it into operation? Will it work properly? And how will non-residents pay tax if they do not have time to launch the service? Read also : How we reduced the cost per install of a Facebook mobile app by 50% on a monthly budget of $60,000 Conclusions How appropriate is the introduction of a tax on Google in Ukraine? From the point of view of the average user, this is another attempt to supplement the budget at the expense of average users. And indeed, in the future, the price of Internet services may increase. But, if you look at the issue from all sides, then this is an attempt to reduce the outflow of tax deductions of large foreign businesses from the country.