Peru Gazettes Legislative Decree Amending Provisions on Advance General Sales Tax Withholding on Imports

The Peruvian Official Gazette Feb. 4 published Legislative Decree No. 1714, amending provisions on advance general sales tax (IGV) withholding on imports. The decree includes measures: 1) excluding from IGV withholding specific temporary imports, samples and gifts up to US$1,000, relief shipments, and fast delivery shipments up to US$2,000; 2) amending the list of importers to which the 10 percent rate for high compliance risk applies, to specify certain importers lacking a tax ID (RUC) number or making certain first imports; 3) authorizing the National Superintendency of Customs and Tax Administration to collect IGV prior to delivery, regardless of when ...