author_orbitax
Orbitax

Share This Article

Peru Government Planning Tax Reform Measures

09 November 2021

|

Proposed Changes

|

Peru

According to a release issued by the Presidency of Peru, the Government submitted a bill to Congress on 27 October 2021 requesting the delegation of powers for 120 days to legislate on tax matters and economic reactivation, including several tax reform measures. Reform measures reportedly include: An increase in the capital gains tax rate from 5% to 10%; The introduction of provisions for the taxation of dividend distributions between companies; An increase in the deemed rates of Peru-source income for non-residents performing international activities partially in Peru and partially abroad (current deemed income rates of 1% up to 80% of...