According to recent reports, Peru has introduced accelerated depreciation rates for certain assets in order to support investment amid the COVID-19 pandemic. This includes the following accelerated rates: Buildings and other constructions where the construction began on or after 1 January 2020 - 20% per year Data processing equipment purchased in 2020 or 2021 - 50% per year Machinery and equipment purchased in 2020 or 2021 - 20% per year Land vehicles used in passenger transport - 33.3% per year (with certain exceptions and conditions) Hybrid or electric land transport vehicles (except rail) - 50% per year The rates of...