Peru has introduced a new tax incentives package for the agricultural sector through Law No. 31110 of 31 December 2020. The tax incentives include the following for natural and legal persons engaged in agricultural activities: A 15% reduced tax rate from 2021 to 2030 for persons with net profits not exceeding 1,700 tax units (UIT), and the following reduced rates if net profits exceed 1,700 UIT: from 2021 to 2022 - 15% from 2023 to 2024 - 20% from 2025 to 2027 - 25% from 2028 - the general regime applies An accelerated depreciation rate of 20% per year for...