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Peru enacts preferential depreciation rates for buildings, construction and hybrid and electric vehicles

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Peru

  • Peruvian Congress enacted Law 31652 introducing preferential depreciation rates for buildings, construction, and hybrid and electric vehicles. The new regime became effective on 1 January 2023.

On 28 December 2022, Peruvian Congress enacted Law 31652, introducing preferential depreciation rates for specifics assets.

Background

The current depreciation rates established under the Peruvian tax legisla…

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