According to recent comments from Peru's Economy and Finance Minister Alfredo Thorne, the government is close to finalizing a number of tax measures for 2017. The measures are to be introduced through executive decree under a temporary 90-day power granted by the congress in October. Potential measures include:
- Increasing the corporate tax rate from 28% to 30%;
- Reducing the value added tax (IGV) rate from 18% to 17%;
- Reducing the dividends withholding tax rate from 6.8% to 4.1% (currently s…