28.06.2017

Mail.Ru Group receives confirmation from Russian tax authorities that IVAS revenues are eligible for VAT exemption

Mail.Ru Group Limited (MAIL.IL, hereinafter referred as 'the company'), one of the largest internet companies in Russia today announces that following from the confirmation received earlier in year concerning the VAT treatment of Russian games revenues, it has received formal confirmation from the Russian tax authorities that starting from January 1st 2017 a significant part of the Russian IVAS revenues are eligible for exemption from Russian VAT going forward.

As with the pricing of games following this change, there is no change to the pricing of the Russian IVAS revenues.

The company will report Q2 results on Thursday August 10th and will update full year guidance accordingly at that time.

mail.ru Group Ltd. published this content on 28 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 June 2017 06:09:11 UTC.

Original documenthttps://corp.mail.ru/en/press/releases/10030/

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