Extension of exemptions and tax benefits – IGV

31 December, 2021
Extension of exemptions and tax benefits - IGV

This December 30, the Official Gazette El Peruano published Legislative Decree N° 1519, which extends the validity of exemptions and tax benefits related to the IGV (Value Added Tax). Let’s see:

1. Extension of the effectiveness of the exemption of the IGV

The effectiveness of the following is extended until December 31, 2024:

  1. Legislative Decree No. 783, which approves the regulation on refund of taxes levied on acquisitions with donations from abroad and imports of diplomatic missions and others.
  2. The IGV exemption for the issuance of electronic money made by the companies issuing electronic money is referred to in Article 7 of Law No. 29985, Law that regulates the basic characteristics of electronic money as an instrument of financial inclusion.

2. Regulatory modification

Article 7 of the Single Ordered Text of the General Sales Tax and Selective Consumption Tax Law is amended, and the exemptions contained in Appendices I and II will be in force until December 31, 2022.

3. Effectiveness

The Legislative Decree becomes effective as of January 1, 2022.

Source: El Peruano 30/12/21