Peru Introduces New Tax Incentives for the Agricultural Sector
Peru has introduced a new tax incentives package for the agricultural sector through Law No. 31110 of 31 December 2020. The tax incentives include the following for natural and legal persons engaged in agricultural activities:
- A 15% reduced tax rate from 2021 to 2030 for persons with net profits not exceeding 1,700 tax units (UIT), and the following reduced rates if net profits exceed 1,700 U…