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Peru approves a Law to promote scientific research, technological development and innovation

A new tax benefit is approved through Law No. 30309, published on March 13, 2015, with the aim to promote scientific research, technological development and innovation.

This Act states that taxpayers engaged in scientific research, technological development and innovation projects, linked or not to the business of the company, who meet certain requirements may benefit of the following deductions:

►► 175 %: If the project is done directly by the taxpayer or by scientific research, technological development or technological innovation centers, domiciled in the country.
►► 150 %: If the project is done through scientific research, technological development or technological innovation centers, not domiciled in the country.

Taxpayers whose projects start from 2016, are entitled to the above deductions, provided that deductions are not made under subsection a.3) of Article 37 of the Law of Income Tax (LIR). The benefit is valid until 2019.

2017-09-18T13:19:12+00:00 15/04/2015|Latest news|