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VAT practical manual 2022.

Tax rate

The rate is the percentage that is applied to the taxable base to obtain the quota.

The rate applicable to each operation will be the one in force at the time of accrual.

The VAT Law establishes a general rate and two reduced rates to give favorable treatment to certain operations, which can be consulted 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.

  1. Reduced tax rate of 10 percent
  2. Reduced tax rate of 4 percent
  3. 5 percent tax rate
  4. 0 percent tax rate