The 2027–2030 Multi-Year Macroeconomic Framework has once again placed tax expenditures at the center of the fiscal debate.
Tax expense is the fiscal cost incurred by the government when it grants benefits, such as exemptions, exclusions, refunds, reductions, and deductions.
The estimated cost of these benefits for 2027 is approximately PEN 28,000 billion.
What does the Government suggest?
Among the proposed measures is a commitment not to expand existing tax benefits, as well as to review those that are set to expire.
It also proposes refining certain benefits with the aim of protecting the tax base.
What does this mean for businesses?
Companies that utilize tax benefits should know exactly:
- When the benefit expires?
- What requirements it entails?
- Which regulation governs it?
- What documentation must be maintained?
- What impact would the elimination of the benefit cause.
A potential review of tax benefits could provide an opportunity for companies to assess whether their current structures remain efficient.
It is not just a matter of paying less tax, but of designing a structure that is legal, sustainable, and properly substantiated.
Source: Gestión (Peruvian Newspaper) — “Tax Benefits on the Government’s Radar: 3 Measures to Address Expenditures Amounting to PEN 28,000 Billion,” August 31, 2026.
VAG GLOBAL — Legal, Tax, and Business Consulting.