Amendment to Executive Decree No. 32458-H, regarding collection of General Sales Tax in the sale of new and used cars
October 27, 2016
Customs & Global Trade Flash
Through Executive Decree No. 39927-H published on September 21st in the digital edition 226 of the Official Gazette, the Presidency and the Ministry of Finance informed on the reform of the Executive Decree No. 32458-H, regarding collection of General Sales Tax in the sale of new and used cars, to ensure their control and collection. The reform includes some changes, being the most important the inclution of Article 2 bis, which limits the import of new vehicles whose model corresponds to the following year of the calendar year, only from September 1st of the calendar year .
These changes come into effect from October 21, 2016.
Our team of experts
Tax & legal
Tax & Legal
Tax & Legal
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.com/about to learn more about our global network of member firms.
Deloitte provides audit, consulting, financial advisory, risk advisory, tax and related services to public and private clients spanning multiple industries. Deloitte serves four out of five Fortune Global 500® companies through a globally connected network of member firms in more than 150 countries and territories bringing world-class capabilities, insights, and high-quality service to address clients’ most complex business challenges. To learn more about how Deloitte’s approximately 245,000 professionals make an impact that matters, please connect with us on Facebook, LinkedIn or Twitter.
This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms, or their related entities (collectively, the “Deloitte Network”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. No entity in the Deloitte Network shall be responsible for any loss whatsoever sustained by any person who relies on this communication.