Global

Details

  • Service: Tax, Global Indirect Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 7/2/2012

Peru - Exports not subject to VAT 

July 2: Legislative decree N° 1108 (20 June 2012) provides that certain exports of goods completed are not subject to value added tax (VAT) in Peru.

According to the decree, the criteria for a transfer to be considered to be an eligible VAT-exempt export include certain items, such as:


  • The goods are located in Peru on the date of transfer.
  • The seller is responsible for completing the customs procedures.
  • The export is not listed under certain other provisions (e.g., under the Holding Certificates or other similar documents that are already covered in another provision).

Read a June 2012 report (Spanish) [PDF 30 KB] prepared by the KPMG member firm in Peru: Modifican el Artículo 33° del TUO de la Ley del Impuesto General a las Ventas en lo relativo a Exportación celebrada con ciertos Incoterms




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