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Reduction of the General Tax on Sales

2017-09-18T17:23:03+00:0007/02/2017|Latest news|

The Peruvian State, with the purpose of reducing the informality of the taxpayers, through Legislative Decree No. 1347 published on 07/01/2017, made official from July 1, 2017 the reduction of the IGV rate from 16% to 15% , To this will be added the 2% municipal promotion tax which determines an effective rate of 17%. Also, the reduction of the IGV is subject to the fact that by May 31, 2017, the annualized collection of the IGV net of its internal returns must reach 7.2% of GDP, otherwise the IGV will remain at its current level.