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*ZIMRA To Charge 14.5% VAT On Facebook Adverts* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ik Facebook has announced that it is now required by the local taxman ZIMRA to charge VAT on Facebook Ads, the amount it will definitely remit to ZIMRA every month. The matter came to light as people who have advert accounts started receiving the following email about the soon to be charged VAT: > Dear Baba > Due to implementation of a value-added tax (VAT) in Zimbabwe, Facebook is required to charge VAT on the sale of ads to all advertisers in Zimbabwe. All advertisers with a business country of Zimbabwe will be charged an additional 14.5% VAT on advertising services purchased on or after 1 September 2020. > You don’t have to enter a Zimbabwe tax ID. However, if you’re registered for VAT and provide your tax ID, your tax ID will show up on your ads receipts. This may help you recover any VAT that you paid to Zimbabwe tax authorities if you are a VAT-registered business in Zimbabwe. > How to add your tax ID to your Zimbabwe ad account: > Go to Account settings Scroll down to the field labelled “Tax ID number” Add your Zimbabwe tax ID For additional information, please visit our Help Centre. > Thanks, The Facebook Business Team ZIMRA early this year also decided to charge VAT on all DSTV payments which prompted the provider to also increase their bouquet prices to cater for the charges. However, DSTV said they had been remitting VAT on behalf of their customers but had decided to extend the cost to the customers. ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- Source: Facebook Business _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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