Category Taxation in Peru

Peru Enacts Sugar Tax

May 11, 2018 Taxation in Peru

can of cokeLIMA – Peru joins the list of nations levying a tax on sugary drinks.

On May 10th the government of Peru announced that it will implement significant new taxes on sugary drinks, and a handful of other products regarded as being bad for the nation’s health.

Sugary drinks with more than 6 grams of sugar per 100 ml will see a tax of 25 percent, while drinks with less sugar will see a reduced rate of 17 percent.

The tax will apply not only to sugar-sweetened beverages, non-alcoholic beers, and juice drinks.

Exemptions from the new tax will be granted to pharmaceutical drinks and enriched milk products aimed at mothers and babies.

Similar tax hikes will also be enacted on alcoholic drinks, tobacco products, and gasoline.

The new measures are aimed at combating the rising instances of obesi...

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Peru To Charge Another Tax on Mines

August 26, 2011 Taxation in Peru

New Tax on Mines in PeruPeru is set to see nearly PEN 3 billion in new tax revenues every year, as the government announces a new mining tax to be imposed in the country.

In an address to the Congress of Peru on August 25th the country’s Prime Minister Salomon Lerner Ghitis said that an agreement has been reached with the nation’s mining sector regarding the issue of a new windfall tax. The new tax comes as a fulfillment of the campaign promises made by President Ollanta Humala to raise new funds for development projects around the country.

In the near future mining companies operating in Peru will face an extra windfall tax, and the new levy will be charged on companies’ operating profits...

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New Mine Tax in Peru by End of the Year

August 3, 2011 Taxation in Peru

Tax on Mining in PeruPeru is currently discussing a new tax on mining projects, in an effort to raise more funds for the country’s poorest regions.

In a series of interviews held with national media on August 1st the Finance Minister of Peru Luis Miguel Castilla revealed that the government hopes to instate a new tax on mining operations in the country by the end of the year.

According to the Minister, the introduction of the new tax is one of the primary short term priorities for President Ollanta Humala, who took office on July 28th. Prior to the election, the Ollanta Humala-led Gana Peru Party began holding talks National Mining, Oil and Energy Society regarding the possibility of a new tax, and now the Ministry of Finance and the Ministry of Evergy have also joined the discussions...

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Peru To See 10 Percent Growth in Tax Revenues

March 23, 2011 Taxation in Peru

21  The Coins of the Money ChangersPeru is experiencing significant levels of growth in tax revenues this year, and is expected to see an overall budgetary surplus in 2011.

According to a statement released by Peru’s tax agency SUNAT on March 22nd, the country’s overall tax collections grew by 17.1 percent in February, compared to the same month last year. Total tax and customs collections by the central government for the month amounted to PEN 1.59 billion (approx. USD 1.86 billion).

In a statement SUNAT commented on the results, saying, “…it is expected that in the coming month favorable results will continue for tax revenues...

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