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:
- 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.
- 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