Cuba

Summary

Navigating the global tax compliance landscape successfully is complex and resource-intensive. Every country has a specific and constantly evolving set of legislated e-invoicing requirements.

Non-compliance, intentional or not, can result in significant financial penalties, business disruption, and reputational damage.

Updates

03.23.22

VAT/G(S)ST rate information

Introduction of new retail tax on food sales In the past few months, many European countries have been adopting a range of fiscal measures considering growing inflation. Concerns around inflation have however extend beyond Europe’s borders. Cuba has in response to the growing inflation crisis declared a 10% tax on retail food sales. This took effect on 8th February 2022 and target self-employed people and small and medium-sized companies in the retail food sector.

Compliance is complicated