The exemptions apply to activities and services listed in Appendix I and II of the VAT law, including the following:
- Interest from the collection of credits transferred by banks to securitization companies, trusts or investment funds
- Public transportation services within the country, except for public rail passenger transportation and air transportation
- Cargo transportation services from Peru to foreign countries and from foreign countries to Peru
- Live shows
- Sale or import of certain goods (fish, crustaceans, mollusks, fresh or refrigerated potatoes, beans, artichokes, among others)
Source: KPMG
Latest Posts in "Peru"
- Peru Extends VAT Exemptions and Sets Digital Services Tax Compliance Rules
- Peru Clarifies VAT Exemption Does Not Cover Civil Aviation Training Centers
- Peru Links VAT Payments to Cross-Border Service Transactions Under New SUNAT Rules
- Peru Updates Shipping Document Rules to Improve Traceability and Digital Tracking
- Peru SUNAT Clarifies VAT Exemption Rules for Turnkey Project Imports
