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04 May 2018

Peru's new President sends request to Congress for power to legislate in tax matters

On 2 May 2018, the new President of Peru sent a request to Congress for the power to legislate in tax matters.

If Congress approves the request (as is customary), the new President would be able to:

  1. Issue regulations on the general anti-avoidance rule, which is currently suspended until the regulations are published
  2. Amend the Income Tax Law to encourage investment and the use of invoices
  3. Amend the Value Added Tax to improve its administration
  4. Strengthen the Tax Administration to optimize its management
  5. Promote the development of micro and small enterprises

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CONTACTS

For additional information with respect to this Alert, please contact the following:

Ernst & Young Asesores S.C.R.L, Lima

  • Roberto Cores
    roberto.cores@pe.ey.com
  • Ramón Bueno-Tizón
    ramon.bueno-tizon@pe.ey.com
  • Nora Orihuela
    nora.orihuela@pe.ey.com

Ernst & Young, LLP, Latin America Business Center, New York

  • Ana Mingramm
    ana.mingramm@ey.com
  • Enrique Perez Grovas
    enrique.perezgrovas@ey.com
  • Gustavo Cortes
    gustavo.cortesgarcia@ey.com
  • Pablo Wejcman
    pablo.wejcman@ey.com

Ernst & Young LLP (United Kingdom), Latin American Business Center, London

  • Jose Padilla
    jpadilla@uk.ey.com

Ernst & Young Tax Co., Latin America Business Center, Tokyo

  • Raul Moreno
    raul.moreno@jp.ey.com

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ATTACHMENT

PDF version of this Tax Alert

Document ID: 2018-5611

 
 

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