On 24 August 2015, a draft law introducing a capital gains tax exemption on the transfer of shares listed on the Lima Stock Exchange was introduced to the Peruvian parliament. The proposed exemption would apply if both of the following conditions are met:
- A taxpayer and its related parties transfer no more than 10% of the total listed shares of the company within any 12-month period; and
- The shares are regularly traded and meet a certain trading volume threshold, which will be set by future …