29 May 2020
Mexico has confirmed that it will extend its VAT system to cover digital services supplied by non-resident (foreign) companies from 1 June 2020.
At present, foreign businesses providing digital services in Mexico do not have to charge VAT on their sales. However, to remove the unfair advantage this gives to non-resident companies over Mexican resident providers, the Mexican government has now announced that VAT at 16% will be applied on these types of transactions from June 2020.
This new tax will be applied to a range of electronic services including streaming games, music, apps, films, e-books, e-journals and internet services.
LATEST NEWS
Update: Foreign providers selling digital services B2C...
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...
SEE MORE
LATEST NEWS
UK to launch public consultation on electronic...
During September the UK unveiled a package of reforms that includes launching a consultation on how HMRC can support the introduction of electronic invoicing...
SEE MORE
LATEST NEWS
Swiss government propose an increase to the standard...
The Swiss tax authorities are now proposing to increase the standard VAT rate in the country from 8.1% to 8.8%. This proposal is being put forward to cover...
SEE MORE