Through concept 23785 of 2021, the Ministry of Commerce sets the scope of article 53 of the Social Investment Law
The Ministry of Commerce mentioned that VAT will not be charged on shipments urgent with a value less than USD $ 200, only if the shipment comes from USA.
On August 14, 2021 was issued “social investment ”, which establishes that certain goods whose value does not exceed USD $ 200 will not cause VAT, as long as a free trade agreement has been signed where it is expressly established the obligation of not collecting this tax.
The Ministry of Commerce analyzed this provision and mentioned that the benefit Only will proceed for shipments from the United States.
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