- Congress of Peru published Bill No. 11228/2024-CR on 19 May 2025
- Proposes temporary reduction of General Sales Tax to boost economic activity and investment
- Reduced IGV rate of 15 percent effective 1 January 2026
- Gradual increase to 16 percent in 2027 and 17 percent in 2028
- Preferential IGV rate applies from 1 January 2026 to 31 December 2030
- Bill referred to Commissions of Economy, Banking, Finance, and Financial Intelligence for further study
Source: fintua.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.
