| SUPPORT

When and how I will receive my cash prize?

Created On by Darwin

For the Russian version of this article, please click here.

When and how I will receive my cash prize?

Cash prizes will be deposited to your FACEIT card no later than the 21st of the month, following the month in which the prize was won. (i.e., if you won in Jan, then it will be allocated before Feb 21st)

To receive a cash prize, the winner (regardless of the prize amount won) needs to provide the following info to the organizer address (email – visapromo@progressiongroup.ru) no later than the 15th of the month following the month in which the prize was won:  

-First name, middle name, last name

-Physical address with an index

-Contact phone number with city code

-Russian citizen passport data or any other document verifying the identity of the winner (including the number, date of issuance and the governmental entity with the departmental code which issued the document)

-Date of birth, address of registration with a mailing index, copies of passport pages #2 and #3 with a registration mark of residency

-Individual tax number, copy of the document, certifying the participant’s registration as a taxpayer in Russian federation

 

If the sum is above 4000 (four thousand) rubles, then the Organizer will perform its obligations as a tax agent, deducting an applicable tax from the winner’s personal income in accordance with the requirements of Russian Federation tax code. More details below:

  •       If the amount of the first prize, handed to the winner, exceeds 4000 (four thousand) rubles and 00 kopeek, the winner must pay the tax for individual income from the prize cost, exceeding 4000 (four thousand) rubles, at the rate of 35% based on Russian Federation tax code.
  •       In case of second prize reception, for the purpose of calculation of tax owed for individuals, the full amount for the second prize is considered, since the income from marketing campaign participation in the amount of 4000 (four thousand) rubles is applicable for a tax exclusion only once within a year period.

 

Powered by Zendesk