United Nations Economic Commission for Latin America and the Caribbean (ECLAC) presented a report that suggests that Peru would collect taxes from Netflix and other apps, and argued that if the measure is implemented, the country could raise more than USD 35 million per year. In its report ‘Fiscal Panorama of Latin America and the Caribbean [...]
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 [...]