Draft Resolution: “Procedure of authorization to purchase without payment of the General Sales Tax and/or Selective Consumption Tax”
December 11, 2017
The Ministry of Finance published in its website the Draft Resolution “Procedure of authorization to purchase without payment of the General Sales Tax and/or the Selective Consumption Tax”, through which Tax Administration will regulate the procedure of authorizations to purchase without the payment of the General Sales Tax and/or the Selective Consumption Tax.
There, the types of authorizations are modified and web authorizations are stablished for the taxpayers and the declarants engaged in the production, marketing and/or distribution of duty-free merchandise or for export, and for those that have more than 50% of their sales destined to state institutions. This authorization would be valid for a period of time from six months to one year; as well as the specific authorizations, which is granted to taxpayers for equipment used as part of the productive process.
Additionally, the requirements for the inclusion in system of web authorizations is detailed in this draft resolution as well as the requirements to obtain the specific authorization, the deadline for resolving the request, the percentage calculation of authorization, ground for suspension of the authorization, together with details of the annexes of the forms that should be used to request authorization.
It is essential to point out that this project must be published by the Official Journal La Gaceta and a period of 10 days must be given to the Ministry of Finance in order to receive comments and subsequently, be published as a Final resolution in La Gaceta.
Import tariff quotas for China, Argentina, Uruguay, European Union 2018
This publication can be consulted in Spanish here in the page 24 of the Official Journal, La Gaceta.
Country Managing Partner
Tax & Legal Leader
Tax and Legal Partner
Tax and Legal Partner
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. Mora than 245,000 Deloitte’s professionals make an impact that matters.
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.