Peru Implements New VAT Rules for Non-Resident Digital Service Providers

• Peru has enacted new rules on taxing non-resident digital service providers
• The rules include a VAT rate of 18 percent on digital services and intangibles
• Digital services include streaming, information storage, social networks, online magazines, remote conferencing, and intermediation services
• Non-resident providers must withhold VAT on purchases by individuals and file monthly returns
• Providers are not required to establish a domicile in Peru or register with the Single Taxpayers Registry
• The Decree will come into force when regulations are issued, with VAT collections effective from October 1, 2024.

Source: step.org

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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