This tax levies on the sales of products considered luxury items.
In this category, the following items are included:
In some services like those ones which enable:
Some places, such as bars, restaurants, and other ones that sell alcoholic beverages are also included.
It is applied to the temporary use or rental of aircrafts (except spray planes), motorcycles over 350 cc, etc.
Basic Rate:
A rate of 5% is applied to the value of the operation made, without considering VAT.
Example:
Goods sold | Price | VAT | Tax on Sales of Luxury Goods and Services (SUN) |
Perfume | $ 300.00 | 300.00 x 15%= $45,00 | $300.00 (without VAT) x 5% =$15.00 |