- The Chilean IRS clarified VAT offset rules in Letter No. 2072.
- A fruit producer asked if VAT on services could offset VAT withheld on goods sold to an exporter.
- The IRS stated VAT on services cannot offset VAT withheld on goods, as they are different transactions.
- VAT amounts for goods and services must be declared and paid separately.
Source: news.bloombergtax.com
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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