So far this year, three large companies in the mining sector have paid their debts with the State, totaling approximately S / 4,000 million. In detail, the Buenaventura mining company canceled a debt for more than S / 2,314 million, followed by Cerro Verde with S / 1,040 million and MMG Limited (Las Bambas parent […]
Tag: tax reform
Tax reform as a trigger to nurture health and education
Despite the 30 years of economic growth that characterize Peru, we continue to be one of the countries with the lowest revenue in the world, with just 14% of GDP, while the average for Latin America is 23%. In this regard, from the Tax Justice Group They point out that to invest at least 6% […]
Rent prices could rise with increased IR
As part of the tax reform, the Executive Branch plans to raise the tax rate (IR) of first and second category income, which includes income from the sale and rental of real estate, interest, royalties and dividends, among others. As explained by the Minister of Economy and Finance (MEF), Pedro Francke, the rate on capital […]
Those who earn over S / 300,000 a year, would pay more income tax
The tax reform that the Executive will implement – as long as Congress grants it the powers to legislate in this matter – will seek to increase collection by S / 12,000 million annually, which would represent an increase of 1.5% of GDP, as projected by the Minister of Economy and Finance (MEF), Pedro Francke. […]
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 […]
Francke: “The tax reform proposal that we are taking to Congress is fundamental”
The Minister of Economy and Finance, Pedro FranckeHe argued that the delegation of powers in economic matters, which the Executive is requesting from the Congress of the Republic, is “fundamental” for policies of inclusion and reactivation of Peruvian families hit by the pandemic. During his presentation at the IX Social Inclusion Week, organized by the […]