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
