Consumption Tax

Law Establishing The Consumption tax

Obligations

Any manufacturer of a product subject to consumption tax is required to keep a register of daily inventory of the products manufactured and a sales register. The sales register shall indicate the price and quantity offered to every (...)

Penalties and Interest

A taxpayer who fails to comply with the provisions of law determining and establishing consumption tax on Some imported and locally manufactured products shall be liable to a fine. Any taxpayer who fails to remit the tax due within (...)

Rates

The following is a list of Consumption Tax Rates