author_orbitax
Orbitax

Share This Article

Peru Parliament Grants Executive Power to Make Legislative Tax Changes

10 July 2018

|

Approved Changes

|

Peru

Peru's parliament reportedly approved a bill on 19 June 2018 that grants the government the executive power to make changes to tax and financial legislation for a period of 60 days in relation to economic matters, anti-corruption, and others. In relation to taxation, this includes the power to make changes with respect to the definition of Peru-source income, the introduction of anti-abuse rules, the taxation of gains from the indirect alienation of shares, the deduction of expenses, and changes in the scope of VAT. Details of any tax measures resulting from the executive power will be published once available.