Starting next June 1st, foreign companies that provide digital services will start paying 19% Value Added Tax (VAT) in Chile. The measure impacts on foreign digital platforms that provide digital services in the country. Some of the affected OTTs will be Netflix, Amazon and others. The aim of the measure is that companies that are [...]
Chilean Deputies Chamber approved almost all the adjustments of the tax reform project, which could become a Law soon. Some of the key points of the reform are focused on applying taxes to foreign OTTs, which must pay the 19% VAT. According to the project, VAT will be charged for ‘the supply or delivery of [...]
With 123 votes in favor, 20 against and four abstentions, the Chilean Deputies Chamber approved VAT payment (19%) on digital platform’s monthly subscriptions. The initiative had been announced by Chilean Finance Minister, Felipe Larrain. The Government’s proposal consist of ‘a specific, indirect and substitute tax for any other, on digital platforms provided by people or [...]
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 [...]