The Ministry of Finance made a correction to a transition to the regulation of value added tax (VAT). This is a correction to the executive decree signed by the President and the Minister of Finance on Transitory VII of Executive Decree No. 41779-H.
In it, the following was erroneously recorded:
In the case of subcontractors, the treatment provided above shall apply, only in those cases in which they directly bill the project owner who enjoys the expected gradual benefit.”
This is the correction:
In the case of subcontractors, the treatment provided above will apply, only in cases where they bill services provided to the project that enjoys the benefit of planned gradualism,”
indicates the publication in the official gazette La Gaceta.
Carla Coghi, lawyer of Deloitte, explained that
this transient referes to the graduality in the construction services, in those cases in which they invoice directly to the owner of the project, the word is being eliminated directly, the benefit of the Graduality will be applied, this means that they open the possibility for more suppliers of the project registered in the school to apply the section of 0, 4, 8 and 13 percent.”