Peru has published Legislative Decree No. 1481 of 7 May 2020 in the Official Gazette, which extends the number of years losses may be carried forward to provide relief for COVID-19. This includes that net losses incurred in 2020 may be carried forward for up to five years beginning from 2021, instead of the standard four years.
Peru has also published Legislative Decree No. 1487 of 9 May 2020 in the Official Gazette, which establishes a tax payment deferral regime for COVID-19. The regime …