29 August 2024
From 1 October 2024, the Peruvian tax authority has confirmed that banks and credit card companies will be responsible for withholding VAT on payments for digital or intangible services by Peruvian consumers to non-resident suppliers.
Peru is introducing this new tax at 18% to remove the unfair advantage that non-resident companies have over resident suppliers who charge VAT on their sales.
This will apply to many services including software, access to social networks, streaming or download 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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