Peru’s president has issued Decree-Law No. 1623, which revises the General Sales Tax (IGV) and the Selective Consumption Tax in response to the growing digital economy. This decree, under Law No. 32089, aims to regulate the taxation of digital services and intangible goods purchased online.
The most important provisions include:
- Individuals who use digital services from providers outside their place of residence or import intangible goods over the internet are now subject to the IHR, regardless of whether they are carrying out a business activity.
- The decree establishes the criteria for determining when digital services and intangible goods are considered consumed in Peru.
- Non-resident providers of digital services or goods act as tax agents and are responsible for withholding and reporting tax. They must register with the National Superintendence of Tax Administration (SUNAT) and comply with new reporting requirements.
- Tax payment can be made either in Peruvian soles or in US dollars, with specific guidelines for conversion and declaration.
This legislative update aims to align Peru’s tax regulations with international standards and OECD recommendations in order to meet the challenges of the digital economy.
The new tax rules in Peru are scheduled to come into force on October 1, 2024.
Source: elperuano.pe
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