Peru has published Legislative Decree No. 1395, which includes amendments to the Law on VAT Law to cover gaps and lack of clarity and ensure correct application. The amendments made include:
- Clarification that persons subject to VAT include branches, agencies, or any other permanent establishment in Peru of a non-resident;
- With respect to input credits when making mixed supplies (exempt and taxable), a supplier must separately account for the acquisition of goods, services, construction con…