- Peru has enacted Law No. 32,219 to extend VAT relief for the hospitality industry
- The law maintains a reduced eight percent VAT rate for goods and services supplied by restaurants, hotels, and other related businesses
- Originally replacing the standard 18 percent rate, this relief aims to aid the industry’s recovery post-COVID-19
- The reduced VAT rate is extended until December 31, 2026
- Starting in 2027, the VAT rate will increase to 12 percent but will still remain below the standard rate
Source: answerconnect.cch.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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