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Executive may modify the law that regulates investments through public-private associations

Executive may modify the law that regulates investments through public-private associations

The Government made official this Tuesday the 28th the law that delegates to the Executive Power the power to legislate in matters of economic impulse for 90 calendar days. The regulation contains provisions on public investment, as well as economic and tax management.

The Government formalized the law of the Congress of the Republic that delegates to the Executive Branch the power to legislate for a period of 90 calendar days in terms of economic promotion for economic reactivation and modernization of State management. The period is counted from the effective date of this law.

Thus, the norm published this Tuesday in El Peruano, regarding public investmentauthorizes the Executive to modify Legislative Decree No. 1435, which establishes the implementation and operation of the Invest Fund for Territorial Development (FIDT), as well as Emergency Decree 021-2020, which postulates the public investment execution model through special public investment projects and dictates other provisions, in order to enable local governments to sign agreements with the Special Public Investment Projects (PEIP) for the execution of their investments.

It also authorizes the modification of Article 8 of Law No. 30556, which approves provisions of an extraordinary nature for the interventions of the national Government in the face of disasters and which provides for the creation of the Authority for Reconstruction with Changes.

on the axis of economic management is empowered to Government to amend Legislative Decree No. 1362, which regulates the promotion of private investment through public-private partnerships and asset projects, with the purpose of optimizing the procedure, evaluation and support of the budgetary capacity for the development of projects.

In addition, it is authorized to modify Legislative Decree No. 1192, which approves the framework law for the acquisition and expropriation of real estate, transfer of real estate owned by the State. As well as establishing measures for the implementation of operation and maintenance activities of the infrastructure developed within the framework of the Comprehensive Plan for Reconstruction with Changes in social sectors.

Finally, in tax matter The Executive will be allowed to modify the first paragraph of article 26 of the Income Tax Law, as well as extend the validity of the exemptions provided for in article 19 of the same regulation. It may also amend the General Sales Tax and Selective Consumption Tax Law, in order to consider as an export the sale of metal made by mining producers in favor of national jewelry manufacturers for the marketing of jewelry.

Likewise, it will be able to relax the conditions to qualify as establishments whose acquisitions give the right to the refund of the general sales tax in favor of foreign tourists. In addition, it will have the power to exempt from taxes the import of goods that are destined directly to the execution of the Project of the Massive Transportation Electric System of Lima and Callao.

Source: Larepublica

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