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Peruvian Government modifies minimum interest rate allowed for national and foreign currency loans

|Tax Alerts, Legislation & Policy, Na ...|Peru
Peru

  • A new Peruvian Legislative Decree modifies the minimum interest rate allowed for loans in local and foreign currency, given that LIBOR rates will no longer be published.

  • The Decree will be effective as of 1 January 2024.

Peruvian Legislative Decree 1545, published on 15 March 2020, expressly establishes that all loans will accrue a minimum interest rate, even if the parties had agreed to a lower int…

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