- Ecuador issued a circular clarifying VAT rules for digital services.
- A 15% VAT applies to digital services, including paid online video games, sports predictions, and streaming of sporting events.
- Financial intermediaries must withhold the 15% VAT for nonresident digital service providers at payment.
- The circular addresses VAT obligations for both resident and nonresident digital service providers.
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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