• Service: Tax, Global Indirect Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 7/29/2014

Peru - Tax proposals to encourage investment 

July 29:  Legislation intended to promote and revitalize investment in Peru was enacted in July 2014.


The legislature made some changes to the executive’s original proposal during the legislative process. Following the bill’s approval, the legislation was published in the official gazelle on 12 July 2014 as Law No. 30230.

In general, the measures are effective 13 July 2014, except for certain provisions that have specific effective dates.

Tax provisions

The new tax provisions include:

  • New tax stability rules for the mining industry as well as changes to the current rules (in general, tax stability rules allow a taxpayer to reach an advance agreement with the tax authority as to what will be the tax treatment for specific items)
  • Changes to the process for judicial “preventive” review
  • Changes to the sales tax withholding rules
  • Changes to the customs law
  • Changes to the municipal tax law

Read a July 2014 report (Spanish) (PDF 120KB) prepared by the KPMG member firm in Peru: Aprueban Ley que establece medidas tributaries, simplificación de procedimientos y permisos para la promoción y dinamización de la inversion en el país – Ley No. 30230

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