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Today’s Top Headlines

Russia Begins Levying Google Tax

by Tatiana Smolenskaya,, Moscow

17 April 2017

Over 100 foreign providers of electronically supplied goods and services to Russian consumers have registered to pay value-added tax on their supplies at 18 percent.

The levy – dubbed the "Google tax" – came into force at the beginning of this year and is payable on a quarterly basis.

Affected providers include Apple, Google, Netflix, Microsoft, Facebook, various online publications, gaming firms, and payment providers.

A number of these firms have reportedly increased their prices in Russia to pass on the tax burden to consumers.

TAGS: Russia | tax | value added tax (VAT) | commerce | e-commerce

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