- Peru extends VAT exemptions under Appendices I and II until December 31, 2028.
- Exemptions cover basic agricultural products, certain real estate transactions, domestic land passenger transport, and specific public-interest activities.
- The extension offers short-term legal certainty for affected sectors.
- Broader policy discussions on the efficiency and fiscal impact of VAT exemptions are postponed.
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.
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