Peru Approves Updated List of Entities Outside the VAT Collection Regime

Summary 

• Peru has approved an updated list of entities not subject to its VAT collection mechanism. 

• Transactions with entities included on the approved list are excluded from collection treatment for the applicable period. 

• Suppliers and customers should validate counterparties against the current list rather than rely on historic classifications. 

Extended article 

Peru has updated the list of entities excluded from the VAT collection system. The collection mechanism is one of several advance-payment controls used within the Peruvian IGV framework, alongside withholding and deduction arrangements. 

Inclusion on the approved list affects whether the collection mechanism applies to transactions with the named entity. Businesses should maintain current counterparty master data and evidence supporting the treatment applied. The exclusion does not remove ordinary VAT obligations or the possible application of other collection, withholding or deduction rules. 

External sources: Peru tax authority SUNAT | Peru VAT overview

---

---