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 […]
Tag: 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 […]
The reference prices of corn, sugar and powdered milk rise: milled rice remains
The Ministry of Economy and Finance (MEF) reported that the reference prices of sugar, yellow corn (the main input of the poultry market) and powdered milk will rise for October and November. Meanwhile, milled rice will maintain its price. According to Vice Ministerial Resolution No. 010-2021-EF / 15.01, published in the official newspaper El Peruano, […]
Walter Borja: “In November, 1,500 pensioners would collect their proportional pension”
Last week, the MEF published the operating regulations for ONP affiliates with at least 10 years of contributions to access a pension. Given this, Walter Borja, the new head of the ONP, tells what are the expectations that are had with this measure and the number of beneficiaries that would be reached. When would the […]
The Ministry of Economy and Finance prepares tax reform for the mining sector and mypes
Last August the Executive, through the Ministry of Economy and Finance (MEF), announced that it will request special powers to legislate on economic and tax matters. Almost two months later, the Minister of Economy and Finance, Pedro Francke, gave details of the Government’s plans regarding the request, which aims to generate higher tax revenue that […]
MEF and the Judiciary work in specialized courts to resolve tax debt cases
In an interview with a Sunday program, the Minister of Economy and Finance, Pedro Francke, announced that his office and the Judicial Power are already preparing specialized courts in tax matters to speed up the solution of some cases that even the State, through Sunat, cannot collect. The head of the governing body of the […]
GDP recovery will not guarantee to alleviate monetary poverty
During 2020, poverty reached 9.9 million Peruvians (30.1% of the population), which represented a decline of ten years after the economy contracted by -11.1% due to the stoppage of activities due to of COVID-19. Although for this year the economy is expected to reach just over 10% due to statistical rebound; entities like Ministry of […]
MEF approves 40 million euro debt with German national bank KfW
The Ministry of Economy and Finance (MEF) approved the external debt operation with the Reconstruction Loan Corporation – KfW up to 40 million euros, called the Program “Comply with OECD standards: Governance with Integrity I”. Through Supreme Decree No. 280-2021-EF, the MEF provides that the cancellation of the aforementioned external debt operation is in six […]
August GDP grew 11.83%, driven by restaurants
In the eighth month of the year, the national economy reported an advance of 11.83%, compared to the same period in 2020, year in which the economy contracted by 11.12%. In the January-August period, national production increased by 18.59% and During the last twelve months, September 2020-August 2021, it presented an increase of 10.46%. Meanwhile, […]
Fitch downgrades Peru’s risk rating to BBB
The risk rating agency Ficht Ratings decided to downgrade Peru’s credit rating for its foreign currency debt from BBB + to BBB. Nevertheless, revised its outlook from negative to stable. Fitch Ratings explained that the rating adjustment to ‘BBB’ is due to a gradual erosion of fiscal strength, which was exacerbated by the pandemic. “The […]