- SUNAT clarified VAT exemption rules for imports in turnkey construction projects in Peru.
- The exemption applies only when the non-resident contractor has full responsibility for the project and supplies a single integrated service.
- If the client directly imports the goods, it cannot claim the exemption as importer of record.
- Direct importation breaks the “global responsibility” requirement and removes the double-taxation concern the exemption is meant to prevent.
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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