Legal Encyclopedia. The letter H

TAX ON ADVERTISING

- Levied on individuals or entities paying for services in accommodation of advertising in all promotional materials.

Advertising - information, announcements or messages transmitted for commercial purposes through the media (press, satellite and cable television, radio), catalogs, flyers, billboards, manuals, posters, property of individuals or legal entities, clothes.

Advertiser - a legal or natural person on behalf of which the advertisement.

Advertising Agency - a legal or natural person who produces and places advertising on request of the advertiser.

Advertising media - placement of advertising.

Tax on advertising pay advertising agencies when they perform work in advertising at the request of owners, and in the case of self-advertising duty is paid by the very person or entity.

Taxpayers provide a payment to the tax authority the amount of tax on advertising. Without payment of the tax on advertising its placement in all promotional materials is not allowed. Legal entities pay taxes on advertising the transfer of funds to the account of an advertising agency, but not later than the date of placing advertising on promotional materials. Individuals pay taxes through the savings bank or cashier agency in the same period. When tax payment to the cashier of the advertising agency issued counterfoil receipt voucher. Tax credited to the district budgets districts and municipal budgets of cities, district budgets of districts (cities), the budgets of towns and villages only by the decision of the district and city government bodies. Tax paid in foreign currency on the foreign currency account of public authorities.

The tax rate does not exceed 5% of the cost of services provided by legal or natural person.

Tax privileges established by local authorities:

1) advertising charitable events; 2) advertising that is used for non-commercial purposes;

3) ad government authorities on the performance of their functions;

4) warning signs;

5) the announcement of the change of location of enterprises, organizations or institutions.

The responsibility for the correctness of calculation, completeness and timeliness of transfer tax on advertising in the budget lies with the legal and natural persons-payers taxes. If non-payment, late payment or the introduction of the tax is not in full the taxpayer is liable in accordance with the tax laws.

Control over the completeness and timeliness of payment of the tax the tax authorities carried out on advertising.