The Minister of Economy and Finance, José Arista, announced the approval of the law that establishes an 18% VAT tax for digital platforms of goods and services, known as the ‘Netflix Tax’. The new model will reach other services, such as Airbnb.
The Minister of Economy stated that “Netflix and other platforms will be taxed starting today”although it will take a few months for the measure to be adapted and the systems in Sunat and the banking system to be modified.
“The present day [miércoles] The regulation was approved by which, through the banking system for each transaction, 18% of the services they charge for the intermediation or direct provision of digital services and goods through the Internet and for the intermediation through digital platforms of goods and services“, he said at a press conference of the Presidency of the Council of Ministers (PCM).
Arista pointed out that the rule will be made official through a legislative decree, derived from the legislative powers granted by the Congress of the Republic a month ago.
“Until now, we did not have a mechanism to make these taxpayers pay their taxes, especially the VAT”the minister stressed.
Airbnb will pay VAT and rent
According to the official, there are digital services domiciled abroad that serve consumers in the domestic market without paying taxes, even though the law “says that they have to pay taxes.” The new tax scheme also affects Airbnb, a digital accommodation platform.
“On the other hand, there are other services, such as the Airbnbthe company charges both the person who provides the premises and the person who consumes it. Through this system we are also charging them the VAT,” he continued.
It will not stop there, as the MEF anticipates that, thanks to this traceability achieved on new taxpayers, “SUNAT will be given the necessary information so that those people who engage in this activity on a regular basis also pay Income Tax (IR)”.
“A very high level of IR payment evasion has been observed among people who work on Airbnb. Sunat now has a powerful tool to audit these businesses that are not contributing to the treasury,” Arista concluded.
It should be noted that Sunat had already expected the Netflix Tax to start operating from 2024. A collection of S/800 million is projected this year alone, and then S/1,000 million in each fiscal year starting in 2025.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
