On 11 December 2014, Peru's Congress approved a reduction in the country's corporate tax rate and amendments to the tax brackets and rates for individual income tax. Also approved is an increase in the dividends tax rate.

Corporate Tax Rate

The corporate tax rate will be reduced from 30% to 28% in 2015. The corporate tax rate will be further reduced to 27% in 2017, and to 26% in 2019.

Ind…