Peru published Law no. 31556 in the Official Gazette on 12 August 2022, which provides a temporary reduction in the VAT rate for the tourism and hospitality sectors. As previously reported, this includes a reduction in the standard VAT rate to 8% for qualifying hotels and other tourist accommodation, restaurants and cafes, and catering services. The total rate on such services is normally 18%, including the standard VAT rate of 16% plus the 2% municipal sales tax. The 2% municipal sales tax continues to apply, meaning the total rate on qualifying services is 10%. The reduced rate is available for...