Thus, the sale of goods, rendering of services or construction contracts are subject to this tax. However, sale of real estate is excluded as well as interest of loans or deposits, sale of shares of stock, sale or transfer of goods as a result of a reorganization of an entity or capital contributions.
All importations pay the VAT as well as the rent of goods or real estate.
The VAT must be included in the price of the respective invoice. Tax collected in sales 2. If the Fiscal Debit is larger than the Fiscal Credit, the balance is paid to the Tax Office. If the Fiscal Credit is less than the Fiscal Credit, the balance is for the tax payer and can be compensated with future sales. This tax is levied on income related to rent of personal property or real estate.