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Peru Import Regs.: Tax regime for services

Discussion of Peru's standards and comprehensive import regulations on warrantees/guarantees, used vehicles, temporary entry, prohibitions, licenses, and more.

Peru Import Regs.: Tax regime for services

Postby bridgat » Tue Nov 18, 2008 6:58 am

Decree Law #945 of December 20, 2003 (modifying Peru's income tax law) and subsequent modifications has changed the treatment of services provided to Peruvian based operations. Previously, services contracted for operations in Peru that were performed outside Peru were taxed at a lower rate than would applied to services performed in Peru. Under the new legislation differential treatment is no longer recognized. The withholding rate applied on income earned from Peruvian sources will now be a uniform rate of 30%. The VAT tax rate of 19% continues to be applied to most services.

Articles 6, 7, 8, 9 of the above Decree Law are the relevant sections changing the previous treatment of services.
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