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 [...]
According to estimations made by the Economic Commission for Latin America and the Caribbean (ECLAC), applying taxes to digital platforms will allow Chile to collect USD 40 million per year. The figure is lower than the one calculated by the Government, when it presented a measure referred to the Tax Reform, in which it indicated [...]
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 VAT’s payment, whose current rate is 19%. ‘The concept is that the same VAT, to which all the regimes without distinction are subject, will [...]
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 VAT’s value. ‘Netflix competes with DirecTV, VTR, with all the other [...]