Post by joita97330 on Feb 11, 2024 8:24:12 GMT
This means that from the date of year, the transfer of printed advertising material is subject to VAT unless they are considered to be low value gifts. Value is transferred if the transfer occurs to a target related to the business activity. In its reasons for amending the VAT law, the Ministry of Finance explained that transfers of printed advertising and information materials are still not taxable if they fall within the definition of low-value gifts.
Only the use of goods constituting low-value gifts and samples for business-related purposes will not Belarus Email List be considered a supply of goods for a fee even if the taxpayer is entitled to deduct tax when purchasing these goods. Example taxpayers provide printed wall calendars or logos. Although printed calendars functioned as information and advertising media they also had practical consumption value to buyers.
This means that only free transfers of goods that meet the definition of a low-value gift will not be subject to VAT. Example taxpayers provide information about the company, leaflets, addresses, business profiles, etc. Such leaflets have no use value to the purchaser and therefore no VAT is payable on leaflets provided free of charge. It should first be determined whether materials have practical value from a consumer perspective. If there is no catalog or leaflet for example no VAT will be charged.
Only the use of goods constituting low-value gifts and samples for business-related purposes will not Belarus Email List be considered a supply of goods for a fee even if the taxpayer is entitled to deduct tax when purchasing these goods. Example taxpayers provide printed wall calendars or logos. Although printed calendars functioned as information and advertising media they also had practical consumption value to buyers.
This means that only free transfers of goods that meet the definition of a low-value gift will not be subject to VAT. Example taxpayers provide information about the company, leaflets, addresses, business profiles, etc. Such leaflets have no use value to the purchaser and therefore no VAT is payable on leaflets provided free of charge. It should first be determined whether materials have practical value from a consumer perspective. If there is no catalog or leaflet for example no VAT will be charged.