Peru has published Law No. 32219, which extends the temporary reduction in the VAT rate for the tourism and hospitality sectors. As provided by Law no. 31556 of 2022, the VAT rate was reduced to 8% for qualifying hotels and other tourist accommodation, restaurants and cafes, and catering services. The total rate on such services is normally 18%, including the standard VAT rate of 16% plus the 2% municipal sales tax. The 2% municipal sales tax continues to apply, meaning the total rate on qualifying services is 10%. The reduced rate of 8% was originally in force from 1 September...