VAT Rates in South America
Welcome to our comprehensive page on Value Added Tax (VAT) rates across South America. VAT is a critical component of the economic framework in many countries, impacting both businesses and consumers.
In South America, VAT systems vary significantly, reflecting the diverse economic policies of each country. This page provides an overview of the standard and reduced VAT rates applicable in different South American nations.
VAT Rates in South America
| Country | Standard VAT Rate | Reduced Rates |
| Argentina | 21% | 10.5%, 2.5%, 5% |
| Bolivia | 13% | None |
| Brazil | 17% – 22% | 7% |
| Chile | 19% | None |
| Colombia | 19% | 5% |
| Ecuador | 15% | 5% |
| Guyana | 14% | None |
| Paraguay | 10% | 5% |
| Peru | 18% | 8% |
| Suriname | 10% | 25%, 5% |
| Uruguay | 22% | 10% |
| Venezuela | 16% | 8% |
There are many more aspects to South America’s “VAT” rates and system that require a deeper analysis and understading. If you wish to get informed on how these rates affect your international business please send us an email or schedule a call with one of our experts.
If you wish to get quickly informed about all basic and reduced VAT rates in Europe or VAT rates in the World you can view our dedicated page by clicking on the respective title.
Last Updated: 26/08/2024
Disclaimer
The information provided by Global VAT Compliance B.V. on this webpage is intended for general informational purposes only. Global VAT Compliance B.V. is not responsible for the accuracy of the information on these pages, and cannot be held liable for claims or losses deriving from the use of this information. If you wish to receive VAT related information please contact our experts at support@gvc.tax