Peru Introduces Training Tax Credit for SMEs
On 21 May 2015, Peru published Law 30327 in its Official Gazette. The law provides for a tax credit based on employee training costs for micro, small and medium-sized enterprise. The credit is equal to annual employee training costs with a cap of 3% of total payroll for the year subject to certain conditions including that the enterprise is subject to the general tax regime, has met its tax obl…
Continue Reading