Tag Archives: VAT

Tax on Netflix and other OTTs is putted off in Buenos Aires for 2020

Although a resolution made by the Buenos Aires Province (Argentina) Collection Agency established that a new tax should be applied for digital services provided abroad from December 1st, its implementation was postponed for next year, for technical reasons. In Argentina, there are some provinces that are already applying taxes on foreign digital platforms. The measure [...]

Costa Rica could apply new tax on digital platforms and pay TV subscribers

The Costa Rican Infocommunication and Technology  Chamber (Infocom) warned about an eventual tax collection on cable and satellite TV and digital platforms, which will affect more than 833 thousand subscribers. This is a new 1.5% tax, which is intended to finance the countrys film industry. The projects aim is to achieve income from cross-border digital [...]

Chilean Deputies Chamber approves VAT collection on digital platforms

With 123 votes in favor, 20 against and four abstentions, the Chilean Deputies Chamber approved VAT payment (19%) on digital platforms monthly subscriptions. The initiative had been announced by Chilean Finance Minister, Felipe Larrain.   The Governments proposal consist of a specific, indirect and substitute tax for any other, on digital platforms provided by people or [...]

Ecuadorian Government would collect taxes from OTTs

From 2020, Ecuadorian Government analyzes to tax digital platforms, with the aim of raising its tax collection by 1.5% of the Gross Domestic Product (GDP). The proposal, which came up after an agreement with the International Monetary Fund (IMF), will be sent to the National Assembly in order to be discussed and approved in the [...]

Costa Rica puts off VAT collection to foreign OTTs

Nogui Acosta, Costa Rican Finance Vice Minister, informed that the Value Added Tax (VAT) will not be charged to foreign OTTs that provide their services in the country from July 1st. Acosta anticipated that digital platforms will be taxed with VAT (valued at 13%) in the future, but it is still not defined which  OTTs [...]

Argentina aims to encourage audiovisual content production

The Cinema and Visual Arts National Institutes (INCAA) President, Ralph Haiek, together with Argentines Nation Production and Labor Ministry, Dante Sica, and representatives from the Argentine TV, Audiovisual, Interactive and Data Services (SATSAID) and the Argentine Actors Association, ran an agreement to promote audiovisual production in different international content distribution platforms. According to the information [...]

Mexico could also apply a tax to foreign OTTs

United Nations Economic Commission for Latin America and the Caribbean (Cepal) considered that Mexico could obtain revenues valued in USD 178.8 million per year if it charges VAT to digital platforms and charges 3% for intermediation services from platforms like Netflix and others. The entity established in its report Fiscal Panorama of Latin America and [...]

Chile demands VAT’s payment to foreign OTTs

Chilean Finance Minister, Felipe Larrain, announced that the initial proposal to apply a special tax for OTTs based in countries different from Chile will be replaced by one that contemplates the VATs payment, whose current rate is 19%. The concept is that the same VAT, to which all the regimes without distinction are subject, will [...]

Chilean Government aims to increase taxes to OTTs and equaling them with VAT

Chilean Finance Minister, Felipe Larraín, proposed to apply an up to 19%  increasement to OTTs taxes, in the context of the tax modernization project promoted by the Government. The initiative contemplated a 10% raise at first, but the Government suggests equaling the figure with VATs value. Netflix competes with DirecTV, VTR, with all the other [...]

Colombia will retain VAT to foreign OTTs on credit cards

Colombian National Directorate of Taxes and Customs (DIAN) warned that it will be able to order different means of payment in the country – including credit, debit and prepaid cards and cash collectors – the 19% VAT retention to international OTTs , which will apply from next July 1st. DIAN, surely, will make a cut [...]