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The Vat that Could Bankrupt 25% of Insurers
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It remains like a sword of Damocles, looming over nearly 30% of insurance companies. This is the VAT that the SAT continues to challenge in the Federal Administrative Court of Justice, and which insurance companies refuse to pay. With surcharges, fines, late payment interest, and other additional charges, the insurance sector estimates that this VAT payment is in the multimillions, close to 200 billion pesos. And it's causing some twenty compani…
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