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Peru – Changes to rates for customs tariff, VAT purposes | KPMG | GLOBAL

Peru – Changes to rates for customs tariff, VAT purposes | KPMG | GLOBAL.

November 13: Peru’s finance ministry (Ministerio de Economía y Finanzas) issued a decree—Decreto Supremo N° 312-2014-EF (6 November 2014)—that revises the rates that apply for customs tariff and value added tax (VAT) purposes.

For certain goods, the rates are reduced to 0%. The rate reductions also may affect claims for customs drawbacks.

Read a November 2014 report prepared by the KPMG member firm in Peru: Decreto Supremo N° 312-2014-EF.- Modifican las tasas de derechos arancelarios ad valorem CIF para un grupo de subpartidas nacionales y modifican la descripción de una subpartida nacional

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