- Peru has enacted Legislative Decree 1669 to reduce the deadline for recording invoices for IGV tax credit claims
- Invoices must be recorded in the purchase register within the same month they are issued
- Physical invoices have a two-month deadline
- Transactions under the split-VAT mechanism have a three-month deadline
- Missing deadlines results in the loss of the tax credit
- The change aims to streamline tax compliance and improve tax administration efficiency
- Challenges exist for companies receiving many electronic invoices at the end of the month
Source: taxand.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.
