31 August 2017
Puerto Rico is considering the introduction of VAT at 15% on the provision of electronic services in the country.
At present, businesses providing digital services do not have to charge VAT on their sales. However, in an effort to cut its growing state deficit, the Puerto Rican government has announced that it is considering introducing the tax at 15% on the sales of these types of services, which includes sales by foreign businesses.
If introduced this new tax will likely apply to a range of electronic services including streaming games, music, apps, films, e-books, e-journals and internet services.
LATEST NEWS
UPDATE: 2025 SME Special Scheme introduces pan-EU...
From 1 January 2025, significant changes to the EU’s SME scheme will extend VAT registration thresholds for EU companies trading in other EU member...
SEE MORE
LATEST NEWS
Chile - B2C Sellers and marketplaces to charge VAT in...
At the end of October, the Chilean Congress enacted the Tax Compliance Bill (Proyecto de Ley de Cumplimiento de las Obligaciones Tributarias), introducing...
SEE MORE
LATEST NEWS
Philippines implements VAT on e-services provided by...
In October 2024, President Ferdinand Marcos Jr. of the Philippines signed into law Senate No. 2528 , introducing VAT on digital services provided by foreign...
SEE MORE