Avoid An Extra 10% Tax On Facebook Ads With This Easy Step

With the recent Australian tax law change in relation to the supply of advertising (eServices), Facebook is now registered for Goods and Services Tax (GST) in Australia. All advertisers with tax country of Australia that have not provided a valid ABN will be charged an additional 10% GST for advertising services after July 1, 2018.

 

By providing your ABN, you confirm that you are GST registered and advertising on Facebook for business purposes. Ad accounts without a valid ABN on July 1, 2018 will be subject to GST @ 10% on all qualified spend.

 

To update your ad account details visit Account Settings

Once you reach the account settings page

* Ensure the country selection is set to Australia

* Add Australian Business Number

 

For Step by Step process, see below diagram:

If you need help or have any questions on the above – drop us a line at contact@misfit.digital