The Peruvian Official Gazette Dec. 29, 2024, published Law No. 32219, amending Law No. 31556 on the temporary and special VAT rate for micro and small businesses in the restaurant, hotel, and tourist accommodation service industries. The law includes measures setting a general sales tax (IGV) rate of: 1) 8 percent for fiscal years 2025 and 2026, from Jan. 1, 2025, to Dec. 31, 2026; and 2) 12 percent for fiscal year 2027, from Jan. 1, 2027, to Dec. 31, 2027. [Peru, Official Gazette, 12/29/24]
Reference:
View Law No. 32219, Official Gazette No. 2357993-3/2024. View Gazette Index.
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