Aquaculture and forestry companies would have tax benefits

After the plenary session of Congress grants limited powers to the Executive to legislate on tax matters, the Ministry of Economy and Finance (MEF) has been preparing several legislative decrees that must be published before the end of the year so that they can be in force throughout 2022.

One of the measures that the Executive has been refining are the tax incentives that the aquaculture and forestry sectors would once again have. As it is recalled, these industries were not considered in the new agrarian regime law.

According to official figures, around 4,000 companies would benefit from these tax benefits.

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For the holder of the MEF, Pedro FranckeThese incentives are due to the fact that these sectors have great potential and with momentum could expand rapidly. What the MEF proposes is to apply the reduced rates of income tax and the accelerated depreciation tax benefit.

About, Alfonso Miranda, former president of the Fisheries and Aquaculture Committee of the National Society of Industries (SNI), asked that this measure be approved as soon as possible, since, if it is not published before the end of the year, all of 2022 will continue without tax benefits and aquaculture it could stagnate.

Meanwhile, the tax lawyer David Bravo expressed that, having found this measure in the request for powers, it is likely that the Executive will already have it ready and publish it in the coming days.

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In addition, He pointed out that the exemption from the payment of VAT should be extended for staple products such as fruits, vegetables and vegetables, which expires this year.

Boat facilities

The Minister of Economy also announced that the way in which the income tax is calculated for tuna vessels that fish within Peruvian waters will be modified. This with the intention of giving them a tax facility.

Alfonso Miranda hopes that this measure is not a greater tax burden.