- Congress of Peru published Bill No. 11228/2024-CR on 19 May 2025
- Proposes temporary reduction of General Sales Tax to boost economic activity and investment
- Reduced IGV rate of 15 percent effective 1 January 2026
- Gradual increase to 16 percent in 2027 and 17 percent in 2028
- Preferential IGV rate applies from 1 January 2026 to 31 December 2030
- Bill referred to Commissions of Economy, Banking, Finance, and Financial Intelligence for further study
Source: fintua.com
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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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