Peru Law Extends IGV Incentives on Books and Establishes Tax Exemption on Copyright Royalties

• Law No. 31893 has been published in the Peruvian Official Gazette
• The law extends general sales tax incentives on books
• The law establishes an income tax exemption on copyright royalties of authors
• The IGV exemption on the import or sale of books and related publishing products is extended
• The tax refund of IGV incurred by publishers is extended
• The refund applies to the purchase and import of capital goods, raw materials, supplies, electronic prepress services, and graphic services for book production

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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