Peru Extends VAT Exemption on Basic Goods and Services Until December 31, 2028

• Law 32542 extends the VAT exemption for certain basic goods and specified services.
• The exemption applies to both imports and domestic sales.
• Covered services include financial and international freight transportation.
• The exemption is extended until December 31, 2028.
• The law was published on December 31, 2025, and takes effect January 1, 2026.

Source: kpmg.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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