If a consignment note is issued, it indicates that the lien on the goods has been transferred (to the transporter) and the transporter becomes responsible for the goods till its safe delivery to the consignee.
Standard VAT rates for WWTS territories TerritoryStandard VAT rate (%) Dominican Republic (Last reviewed 29 November 2024) 18 Ecuador (Last reviewed 06 September 2024) 15 Egypt (Last reviewed 06 February 2025) 14 El Salvador (Last reviewed 06 February 2025) 13141 more rows
The Sales Tax Rate in Brazil stands at 17 percent. Sales Tax Rate in Brazil averaged 17.00 percent from 2006 until 2025, reaching an all time high of 17.00 percent in 2007 and a record low of 17.00 percent in 2007. source: Secretaria da Receita Federal do Brasil.
The VAT rate is 21%, although certain specific items are subject to a 27% or 10.5% rate. VAT is payable by filing monthly tax returns. The increased rate of 27% applies to 'utilities services' (e.g. telecommunications, household gas, running water, sewerage, and energy) not rendered to dwelling-purposes real estate.
VAT rates in LATAM countries generally range lower than in the European Union but are higher than in the United States. They span from 13% in Costa Rica to 19% in both Colombia and Chile. Notably, Ecuador has increased its VAT rate from 12% to 15%, effective from April 1, 2024, until the end of the year.
The standard VAT rate for Colombia is 19%, with a reduced rate for basic foodstuffs; health services and insurance, a nil VAT rate for some goods.
Where the supplier does not issue a consignment note or similar document, the services do not qualify as GTA services, and hence should not be taxable. This point has also been clarified by the CBIC in the FAQs issued for the transport sector.
A consignment note is a document issued by a goods transportation agency against the receipt of goods for the purpose of transporting the goods by road in a goods carriage. If a consignment note is not issued by the transporter, the service provider will not come within the ambit of the goods transport agency.
An invoice is a commercial document that maintains the record of transactions between the buyer and the seller. On the other hand, a consignment note is an export document that serves as evidence of a concluded carriage contract.
On the other hand GTO means any person who is engaged in transportation of goods and may or may not include GTA. Main difference between GTA and GTO is issue of consignment note (builty). A GTA may or may not own any transportation vehicle but a GTO owns a transportation vehicle.