TAX TO THE ADDED VALUE
The IVA is a tax that burdens the added value, that the company contributor incorporates to the goods that sell or the services that render. The subject companies to the IVA must include and this tax in its invoices of sale and simultaneously, to make sure that their suppliers also include it in the respective invoices.
The demanded ountable registries for the contributors of the IVA are: Book Purchases and Sales IVA, Daily
Book, Book Inventory, which will have to be sealed.
The IVA does not constitute a cost for which it sells, but that is transferred to the final buyer, that is to say, to the consumer.
They are contributors of the Tax to the Added Value:
The unipersonal companies, when their income surpass G. 45,026,223 in the year, (thisamount is adjustable annually in agreement with the variationof the Index of Prices to the Consumer).
The societies, anyone is the amount of theirincome
Importers, anyone is the amount of their income.
Form of Calculation
The tax to pay arises from the difference between the IVA of its invoices of sales (fiscal debit) and the IVA of the invoices of its purchases (fiscal credit).
Fiscal debit, is 10% of the amount of its monthly net invoicing.
Fiscal credit, is 10% of the amount of purchases of insumos for the endorsed operation of the company and withthe corresponding invoices.
Exonerations:
- Farming product sale in natural state
- Fuel sale
- Renting of buildings
- Loans and deposits in financial organizations.
Used forms
Form 800 of the SSET, for those who makes taxed operations solely.
Form 801 of the SSET, for those who makes taxed and exonerated operations.
Expiration
Period of liquidation and payment: Monthly won
In agreement with the completion of the RUC:
- 0-9 tenth working day of the month
- A-J twelfth working day of the month
- K-Q fourteenth working day of the month
- R-Z sixteenth working day of the month
The qualified banks to receive the payment of taxes are: National Bank of Promotion, Citibank, Bank of the Parana or in the regional agencies of the Subsecretaria de Estado de Tributacion.
