news agency

Tag: mef

Francke: Tax evasion costs Peru twice its education budget per year

Francke: Tax evasion costs Peru twice its education budget per year

The Ministry of Economy and Finance (MEF) reported that, currently, the annual cost of tax evasion in Peru amounts to 8% of the Gross Domestic Product (GDP), which for the current year would represent three times the health budget or twice its education budget. As part of the presentation to the media of the package […]

Streaming services (such as Netflix) would begin to pay IGV

Streaming services (such as Netflix) would begin to pay IGV

The Minister of Economy and Finance, Pedro Francke, announced that the government will implement mechanisms to collect taxes from the digital economy, which are transforming business models. He pointed out that given the difficulty of collecting taxes on streaming platforms Netflix, Spotify, Uber, Disney +, the IGV Law will be modified, establishing a collection mechanism […]

Francke: companies will no longer be able to declare bribes as costs to pay less taxes

Francke: companies will no longer be able to declare bribes as costs to pay less taxes

The Minister of Economy and Finance, Pedro Francke, He assured that, from the Government, they will seek to eliminate the figure that allows offending companies to deduct the payment of their bribes as if they were company costs, in order to pay less Income Tax (IR). “An issue that seems to us in terms of […]

Tax reform targets the highest earners

Tax reform targets the highest earners

In order to raise the tax pressure and increase collection, the Executive yesterday presented the bill to request powers to legislate on tax, fiscal, financial and economic reactivation for a period of 120 days. The project mentions the axes that the tax reform will have, which would include several modifications to the income tax law […]

Award of works for taxes in 2021 exceeds prepandemic levels, highlights Proinversión

Award of works for taxes in 2021 exceeds prepandemic levels, highlights Proinversión

The executive director of the Agency for the Promotion of Private Investment (Proinversión), Rafael Ugaz, assured that, until the third quarter of 2021, the State has awarded a total of 29 Tax Works (OxI) projects for a total of S / 350 million. This represents 44% more than what was awarded in the same period […]

MEF: business organizations could participate in the design of Tax Works

MEF: business organizations could participate in the design of Tax Works

The Minister of Economy and Finance, Pedro Francke, argued that the private sector can play a fundamental role in the design and execution of Tax Works (OxI), which is why, soon, so, in his opinion, business organizations could have their own offices to help them to design and execute projects more effectively. During his presentation […]

Executive requested powers to Congress to legislate on tax, fiscal, financial and economic reactivation matters

Executive requested powers to Congress to legislate on tax, fiscal, financial and economic reactivation matters

The Executive Power presented this morning the bill that delegates them powers to legislate in tax, fiscal, financial and economic reactivation matters for a period of 120 days. What is sought with this project is to strengthen the action of the Executive Power in matters of economic and tax management, to contribute to closing priority […]

Francke: “Nationalizing Camisea gas means putting it at the service of Peruvians, not nationalizing it”

Francke: “Nationalizing Camisea gas means putting it at the service of Peruvians, not nationalizing it”

The Minister of Economy and Finance, Pedro FranckeHe stressed that the nationalization of Camisea gas means putting the resource “at the service of all Peruvians,” and not a process of nationalization from the government of President Pedro Castillo. Through his Twitter account, the head of the MEF also assured that, during the process of massification […]

What does ISC mean in Peru and what products does it affect?

What does ISC mean in Peru and what products does it affect?

The Selective Consumption Tax (ISC) is a concept that all people involved in the production and importation of products such as fuel, soft drinks, cigarettes and others determined by the State must know. The first sales of such goods and services they must pay this tax that tries to discourage their consumption by considering that […]

From Canatur, they announce a return of the perfect suspension agreed with the MEF

From Canatur, they announce a return of the perfect suspension agreed with the MEF

The president of the National Chamber of Tourism (Canatur), Carlos Canales, assured that an emergency decree is being prepared, in conjunction with the Executive, to extend the perfect suspension of work until May 2022. This announcement was made days after the head of Mincetur, Roberto Sánchez, confirmed for the newspaper La República that from a […]

Immediate Access Pro