Tag Archives: VAT

Chile to charge 19% VAT on digital platforms since June

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 [...]

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 [...]