Peru Court’s Tax Ruling Has $3.1B Fiscal Cost: Finance Ministry

A recent high court ruling that reduces how much interest can be assessed on tax debts if a company challenges them in court will cost Peruvians 12 billion soles ($3.1 billion), the finance ministry said in a statement sent by text message.

• Ministry said the ruling “eliminates a large part of delinquent interests” assessed to overdue tax debts
• Ruling is the opposite of the govt tax policy over the past 30 years, the ministry said
• Constitutional Court, the nation’s highest, published the ruling on Feb. 7

To contact the reporter on this story:
Marcelo Rochabrun in Lima at mrochabrun@bloomberg.net

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