Taxation in Peru

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Peru’s Minister of Economy and Finance, ?David Tuesta, on May 28 deposited Peru’s instrument of accession for the Multilateral Convention on Mutual Administrative Assistance in Tax Matters with the OECD.

The government of Peru announced today that there will be higher tax rates for sugary drinks, alcohol, cigarettes, gasoline as well as other products in order to encourage a healthier population.

Campaigners want end to laws that make donating food more costly than destroying it in country with huge harvests but high infant malnutrition

The Lima Stock Exchange urged Peru to eliminate a 5 percent capital-gain tax on equities, saying it has deterred investors and contributed to a drop in trading volume over the past five years.

Peru’s government plans to cut taxes for companies and workers and increase spending to offset a slump in investment hurting the $202 billion economy.

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