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Peru Regulates Additional Deduction for Employing Young Employees

|Approved Changes|Peru
Peru

Peru published Supreme Decree No. 054-2024-EF in the Official Gazette on 18 April 2024, which approves the regulations for the additional deduction benefit for employing young employees as introduced by Law No. 31828 of 2023. The benefit allows companies that employ new young employees to deduct an extra 50% of the basic remuneration paid to the new employees for the purpose of determining in…

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