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06 April 2020 Peru extends state of emergency and implements new tax measures due to COVID-19 Peru has extended the national state of emergency that expired on 30 March 2020 to 12 April 2020. With the extension, Peru also implemented additional temporary tax measures. Beginning 1 April 2020, the interest rates for tax debts in national currency are reduced from 1.2% to 1% monthly and for tax debts in foreign currency from 0.6% to 0.5% monthly. The interest rates for tax refunds in national currency are reduced from 0.50% to 0.42% monthly and for tax refunds in foreign currency from 0.30% to 0.25% per month. For installment payment plans entered into before 15 March 2020, the installments due in March and April may be paid on 29 May 2020, with no penalties or other consequences. The list of certain medicines, medical equipment and devices exempt from customs duties for 90 calendar days beginning 12 March 2020, and ending on 9 June 2020, has been expanded to include new medicines, medical equipment and devices (rates will go back to 6% and 11% at the end of the 90-day period). Taxpayers with income of up to 2,300 Tax Units (approx. US$2,841,176) during tax year 2019 may postpone the filing of the following:
The exact due dates for these filings depend on the last digit of the taxpayer’s tax identification number. Taxpayers with income of up to 5,000 Tax Units (approx. US$6 million) during tax year 2019 may postpone the filing of the following:
The exact due dates for these filings depend on the last digit of the taxpayer’s tax identification number. Taxpayers with income from 2,300 Tax Units to 5,000 Tax Units during tax year 2019 may postpone the filing of the following:
The exact due dates for these filings depend on the last digit of the taxpayer’s tax identification number. Ernst & Young Asesores S.C.R.L, Lima
Ernst & Young LLP (United States), Latin American Business Center, New York
Ernst & Young LLP (United Kingdom), Latin American Business Center, London
Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific
Document ID: 2020-5532 |