PagueloFacil, as a withholding agent, retains 50% of the ITBMS recorded from a transaction, to be reported later to the Dirección General de Ingresos (DGI).
Example: If a transaction is for an amount of $107.00, the ITBMS recorded of the product or service within that transaction is $7.00. PagueloFacil will withhold 50% of that amount, this is equivalent to $3.50.
Consider that:
This only applies to businesses that are ITBMS taxpayers.
The merchant will be able to decide within the Vpos and Email Pago services, if the transaction has ITBMS recorded and the amount of the same.
PagueloFacil will only report those transactions that the merchant has placed that has ITBMS recorded.
All the services within PagueloFacil have the ITBMS recorded within a transaction.