A Guide to VAT/GST/SUT in the Americas 2018

Indirect Tax Guidance of 21 Countries in the Americas

Consumption taxes play a crucial role in the Americas, regardless of whether those are assessed as Value Added Tax (VAT), Goods and Sales Tax (GST), Sales and Use Tax (SUT) a Customs duty or excise tax.

For tax authorities, indirect taxes are an efficient and often a fair way of raising revenue and we see indirect tax revenues continue to increase as a proportion of tax take around the world. The rules, rates, interpretations and practices are also constantly changing.

For businesses, the administrative and risk burden of indirect taxes often lands heavily. Penalties are generally becoming a greater risk and the changes in indirect tax practices and rules can be difficult to keep up with. Based on these risks and the increased personal responsibility of company leaders, the subject of indirect taxes has risen up the agenda in companies to CFO and board level.


Relevant changes

Ecuador reinstated the VAT rate from 14 to 12%.
Panama authorized a limited list of companies as a Pilot Plan to implement the use of electronic invoices.
Argentina amended the VAT Law by including digital services provided by foreign or resident suppliers as services subject to VAT.
Venezuela amended the mechanism for the offer and purchase of foreign currency, which provides an auction based mechanism for the DICOM.
Mexican taxpayers must issue the “payment receipt complement invoice” which essentially, has to be issued in case of collections in installments.

12 Facts about Indirect Taxes in the Americas



Since 2010, 21 of our PwC Firms in the Americas offer detailed information on taxes in the region through this Guide. The document includes the latest changes in tax matters and special interest in Indirect Taxes (Value Added Tax, Goods and Services Tax and Sales and Use Tax), which are -for many countries- more relevant than direct taxes.

Therefore, at PwC we publish this updated Guide to answer the frequently asked questions we receive from our clients.



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David Cuéllar

Tax and Legal Services Leader, PwC México

Teléfono +52 (55) 5263 5816

Iván Jaso

Customs & International Trade Partner, PwC México

Teléfono +52 (55) 5263 8535