As reported on several specialized websites in Argentina, as of April, Buenos Aires Provice’s Government announced that a new tax will be charged on streaming platforms monthly subscription, which will mean a 2% increase on Netflix and Spotify bills, and other OTTs that will be affected by the measure. The new tax is based on [...]
After confirming the launch of Disney+ in Latin America for this year, Disney announced that this Thursday, April 16th, it will broadcast a special program for all Latin America, simultaneously through all its TV channels, radios and digital platforms. As officially reported by Disney, the initiative is from Radio Disney and is titled ‘Separados pero [...]
Peru is looking for digital platforms such as Netflix and other global companies to pay taxes for the sales they make in the country, starting next year. Claudia Suarez, Head of the Peruvian Customs and Tax Administration National Superintendence (SUNAT), told Reuters that the initiative could have the country’s Government approval, through an emergency decree. [...]
Ecuadorian deputies agreed to apply tax increases of USD 600 million to Netflix and other OTTs. The measure was approved by 83 votes in favor, 8 against and 37 abstentions, and extends the Value Added Tax (VAT) to international digital platforms. The new law aims to increase revenues with a temporary tax increase for companies [...]
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 [...]
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 [...]
Filmmakers from Mexico asked the country’s Deputies Chamber’s Culture and Cinematography Commission that digital platforms such as Netflix and Amazon Prime Video should pay taxes, and that 30% of the content catalog they offer should include Mexican or independent productions. In early April, Mexican’s Finance Minister expressed that OTTs could pay taxes in the country [...]
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 [...]
UEFA’s President, Aleksander Caferin, announced after being re-elected in Rome that the association ‘will launch its OTT platform in the next six months’. In a first step, it will only be available outside Europe and the US. Platform will be launched before 2019/2020 season. Caferin pointed that one of the main purposes of the coming [...]