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January 31, 2023 Peru extends tax incentives applicable for Real Estate Investment Funds
On 29 December 2022, the Peruvian Government enacted Law 31650, extending the tax incentives for Real Estate Investment Funds, introduced trough Legislative Decree 1188. These tax benefits will be valid until 31 December 2026. These tax benefits were intended to be in force through 31 December 2022. Real Estate Investment Funds have the same tax benefits as Real Estate Investment Trusts (REITs), which are also valid until 31 December 2026. The extended tax benefits applicable for REITs and Real Estate Investment Funds are:
With this extension, both REITs and Real Estate Investment Funds will have the same tax benefits valid through 31 December 2026. Law 31650 is effective as of 1 January 2023 until 31 December 2026. _________________________________________ For additional information with respect to this Alert, please contact the following: Ernst & Young Asesores Empresariales 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
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