Tax rate
The rate is the percentage applied to the tax base to obtain the quota.
The rate applicable to each transaction will be the one in force at the time of accrual.
The VAT Law establishes a general rate, two reduced rates to give favorable treatment to certain operations and a zero rate, which you can consult in the following summary table .
General tax rate:
The current general tax rate is 21 percent.
Reduced tax rates
The current reduced rates are 10 percent and 4 percent.
In 2024, the rates of 2 percent, 5 percent, and 7.5 percent will also be applicable under the terms detailed in the following sections.