On 11 December 2014, Peru's Congress approved a reduction in the country's corporate tax rate and amendments to the tax brackets and rates for individual income tax. Also approved is an increase in the dividends tax rate.
Corporate Tax Rate
The corporate tax rate will be reduced from 30% to 28% in 2015. The corporate tax rate will be further reduced to 27% in 2017, and to 26% in 2019.
Individual Income Tax Rates
The brackets and rates for individual income tax are adjusted as follows …