The Ministry of Economy and Finance (MEF) published the regulation with the tax provisions related to Income Tax (IR) and anticipated recovery of the General Sales Tax (IGV) contained in the Law No. 31666Law for the Promotion and Strengthening of Aquaculture. The main measures contained in Supreme Decree No. 092-2023-EF establish an IR rate of […]
Tag: igv
Sunat: national collection fell 26.8% year-on-year in April 2023
The national collection of April 2023 reached S/16,532 milliondiscounting the tax refund, which represented a decrease of 26.8% year-on-year, according to the National Superintendence of Customs and Tax Administration (Sunat). This result is due to different factors such as “the performance of economic activity, with GDP growth in March that would have been zero and […]
Financing pensions with the IGV would generate a fiscal cost of almost S/11,000 million
In total, there are seven legislative proposals analyzed by the Ministry of Economy and Finance (MEF) that include some mechanism to direct resources from the General Sales Tax (IGV) to pension funds and that generate high fiscal costs. And from a technical point of view, it does not benefit the majority of the population, according […]
VAT refund for pensions and other measures under scrutiny
Since 2022, once again, the discussion on the reform of the pension system began to take shape. The Executive and the Congress of the Republic have been shaping their proposals independently and at some point along the way they will meet to reach a consensus. The Legislature enthusiastically promotes some measures such as contributions through […]
Book Day: sector income only reaches 60% of pre-pandemic levels
Bookstores, publishing companies and businesses that have books as the center of their universe make up a sector that was also hit by the pandemic. social conflicts, including roadblocks, as well as recent weather events, have influenced the slowdown in its recovery, so much so that its income only reaches 60% of what was registered […]
Foreign tourists who enter Peru will no longer pay IGV
In order to boost tourism, one of the sectors hardest hit by the COVID-19, social conflicts and the climatic emergency, the Government has ordered that foreigners do not pay VAT during their stay in our country. The measure would come into effect from June or “a little before,” according to Luis Helguero, head of the […]
Tax Free: modules for IGV refund to tourists will be ready in June, announces Mincetur
Foreign exchange earnings. Five countries in Latin America apply tax refunds to tourists to encourage the purchase of travel packages and contracts with local services. Minister Luis Helguero reported that Peru would be the sixth, with a rule that will become official in the coming days. Dollar price today in Peru: what is the exchange […]
Government approves VAT refund to foreign tourists
The Council of Ministers approved this Wednesday, April 12, the legal device that authorizes the refund of the General Sales Tax (IGV) to foreign tourists, also known as the Tax Freereported the head of the Ministry of Foreign Trade and Tourism (Mincetur), Luis Fernando Helguero. “I want to inform you that today we have approved […]
Tax collection in February advanced 2.3% after 3 months of decline
The tax revenue of the Government plant reached S/11,838 million in February 2023, which meant a year-on-year increase of 2.3%. In this way, the collection in the second month of the year showed a positive result, after three months of consecutive falls, since it fell in January (-3.8%), December (-13.5%) and November (-19 ,4%). The […]
Sunat: tax collection reached S/11,838 million and increased 2.3% year-on-year in February
The February 2023 collection reached S/11,838 million of net Central Government tax revenue (discounting tax refunds), which meant an advance of only 2.3% compared to the similar period of 2022, reported the National Superintendence of Customs and Tax Administration (Sunat). The entity explained that the growth of Collection in the second month of the year […]