Peru published Law no. 31556 in the Official Gazette on 12 August 2022, which provides a temporary reduction in the VAT rate for the tourism and hospitality sectors. As previously reported, this includes a reduction in the VAT rate from 18% to 8% for qualifying hotels and other tourist accommodation, restaurants and cafes, and catering services. The reduced rate is available for both natural and legal persons whose main business activity is a qualifying activity (hotel, tourist accommodation, restaurant services), which means that at least 70% of total income from sales and provision of services is derived from a qualifying activity. For legal persons, the reduced rate is limited to companies qualifying as micro and small companies for VAT purposes. Further, companies that would otherwise qualify are excluded if part of a group that would not qualify as a whole. The reduced rate is in force from 1 September 2022 until 31 December 2024.
Source Orbitax
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