Initial VAT rate cut to 15%; rise to 17% by 2028 The Peru parliament is reviewing a bill to initially cut the existing 16% standard VAT rate (there is an additional 2% municipal rate which is not changing), with an eventual rise. The changes if
Further extension of 8% reduction in VAT rates for accommodation, restaurants and hotels The Peruvian Congress has agreed a further temporary reduction in the Value Added Tax rate on tourism and hospitality. This includes: Hotel and similar accommodation Restaurant and café services Catering services The
Peru completes rollout of mandatory B2C & B2C invoices The last phase of the implementation of e-invoices in Peru completed on 1 June 2022. Peru’s tax authority, SUNAT (Superintendencia Nacional de Aduanas y de Administración Tributaria), introduced Electronic Payment Receipt, CPE, e-invoicing in 2010, and mandated
Peru’s tax authority, SUNAT (Superintendencia Nacional de Aduanas y de Administración Tributaria), introduced Electronic Payment Receipt, CPE, e-invoicing in 2010, and mandated it for all taxpayer above 75 UIT annual turnover in 2017. New requirements were introduced on 1 April 2021 for small taxpayers, but
Peru has yet to impost its Value Added Tax on digital or electronic services provided by non-resident sellers or marketplaces. B2B domestic supplies of e-services are already liable to VAT. B2B supplies from abroad to resident businesses may be zero-rated under the reverse charge mechanism.
