On 28 July 2014, a bill aimed at promoting economic growth was introduced to the Peruvian Congress. The bill proposes the following main amendments.
- The introduction of a special regime for building depreciation whereby qualifying taxpayers can depreciate buildings at an annual rate of 20% from tax year 2015 instead of the standard 5%
- Correct cases of double taxation in regards to VAT on services supplied in the country when the remuneration is included as part of the customs value of impor…