On 12 September 2015, Peru published Law No. 30341 in the Official Gazette. The law introduces a tax exemption on gains from the transfer of shares listed on the Lima Stock Exchange if both of the following conditions are met: A taxpayer and its related parties transfer no more than 10% of the total listed shares of the company within any 12-month period; and The shares are regularly traded and meet a certain trading volume threshold, which will be set by future regulation The exemption applies for transfers made from 1 January 2016 to 31 December 2018.