VAT news tagged as "Withdrawal VAT"

Peru

Peru extends VAT withdrawal regime on certain construction activities

June 21st, 2014

The Peruvian tax office has confirmed that the VAT Impuesto General a las Ventas (IGV) Withdrawal regime will apply to the following construction activities: Install of electricity lines Urban constructions work Public building work The Peruvian VAT Withdrawal system is used to control VAT fraud and defaults. It enable the government to take collected VAT …