On 14 August 2021, Peru has issued Law No. 31343 in the official gazette creating a tax-free zone in Northern Peru. The Law establishes the creation of the Organization and Administration Committee of Zofracajamarca, both located in the province of San Ignacio, in the department of Cajamarca (Northern Peru).
Users who carry out production, commercialization, industrial, agro-industrial, maquila factories, and service activities will be exempt from income tax, general sales tax, selective consumption tax, municipal promotion tax, customs and tariffs, as well as any tribute from the central, regional and municipal government.
The operations carried out between users in Zofracajamarca are exempt from the general sales tax and the municipal promotion tax, according to a legal report from the Lima Chamber of Commerce.
