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VAT: changes for exempt, excluded and taxed goods

Fedesarrollo proposes to maintain the 19% rate and gradually raise to 8% the goods currently exempted, excluded or taxed at the differential rate of 5%. The entity also indicates that the current VAT scheme could be replaced by a consumption tax scheme under a single rate of 8%. Much of the low productivity and efficiency … Read more

VAT: How did it look for the simplified regime in 2018?

During 2018, the same criteria that applied in 2017 to belong to the simplified VAT regime will continue to apply, since there were no new tax reforms, special regulations, or rulings of the Constitutional Court that altered such criteria. Individuals who during 2018 intend to continue exercising activities taxed with VAT, as well as those … Read more