30 September 2024
From 1 October 2024, the Peruvian tax authority will introduce VAT at 18% on the sale of digital services by non-resident providers to local consumers.
Peru is introducing the new tax to remove the unfair advantage that non-resident companies have over resident suppliers who must charge VAT on their sales.
Non-resident providers will have to VAT register from the first sale they make as there is no VAT registration threshold and if they fail to register, payment facilitators such as banks or credit card companies will become responsible for withholding the VAT on payments received from the consumers.
This will apply to many services including software, access to social networks, streaming or downloading of media, digital newspapers and magazines, advertising, online auctions, access to websites, and interactive training.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.
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