Peru has published Law No 31659 of 29 December 2022, which increases and extends the incentives provided under Law No. 30309 for the promotion of scientific research, technological development, and technological innovation. This includes the following additional deductions for qualifying taxpayers whose net income does not exceed 2,300 tax units (UIT) that incur expenses in scientific research projects, technological development, and/or technological innovation: 240% (i.e., additional 140%): If the project is carried out directly by the taxpayer or through centers of scientific research, technological development, or technological innovation domiciled in Peru (increased from 215%). 190% (i.e., additional 90%): If the...