A Good News for Those Using the Philippines as the Country in Ad Accounts:
The VAT rate in the Philippines has recently changed from 0% to 12%.
However, there is a solution: By adding a valid billing address and Tax Identification Number (TIN) to your ad account, the VAT can be reverted back...
Status: "PENDING" and the account is not spending even though the ads are still active. Many of my accounts are active but not spending. Do you have any way to adjust?
New Facebook tax list:
Australia 10%
Azerbaijan 12%
Armenia 20%
Bangladesh 5% - 15%
Bhutan 7%
Cambodia 10%
China 6%-13%
Cook Island 15%
Fiji 9%
India 18%
Indonesia 11%
Japan 10%
Kazakhstan 12%
Kiribati 12.5%
Kyrgyzstan 12%
Laos 10%
Malaysia 8%
Nepal 13%
New Caledonia 11%
New...
Currently I see these BM accounts are being appealed by many parties and it is active again. BMs have been restricted from 2021-2022.
DO YOU KNOW HOW TO APPEAL?
Thanks for your sharing, With my experience we will live with the new updates. Expected each stage of the year. But this year seems much more difficult.
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