On 12 July 2015, Peru published Supreme Decree No. 188-2015-EF in the Official Gazette. The decree provides details on an increased deduction for R&D expenses that will be made available for companies engaged in scientific and technological research projects, and technological innovation projects from 1 January 2016.
Projects approved by the National Council of Science, Technology and Technical Innovation (CONCYTEC), will be allowed a 150% or 175% deduction for expenses directly related…