Selective Consumption Tax levied on offshore companies based in Peru
7 septiembre 2018

On September 6th, using the legislative faculties delegated by Congress, the Executive modified the General Sales Tax (IGV) and the Selective Consumption Tax Law (Legislative Decree Nº 1395), in order to fill legal gaps. The regulation taxes offshore or transnational companies that operate in Peru.


The measure broadens the scope of the regulation and determines that “branches, agencies or any other foreign corporation and entity of any nature” established in the country will pay taxes.


On the other hand, the decree also establishes that companies must add an independent register for taxed and non-taxed operations if they wish to obtain the tax credit.

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