On 24 October 2019, Peru issued Urgent Decree 005-2019 in the official gazette modifying Legislative Decree No. 30341. The Decree extends the exemption from tax on income from the sale of certain securities. The following values will be benefited until 31 December 2022:
- Common shares and investment actions;
- American Depositary Receipts (ADR) and Global Depositary Receipts (GDR);
- Exchange Trade Fund (ETF) units that have as underlying shares and / or debt representative values;
- Debt securities;
- Certificates of participation in mutual funds for securities investment;
- Certificates of participation in the Investment Fund for the Rental of Real Estate and certificates of participation in the Securitization Trust for Investment in the Rental of Real Estate; and
- Negotiable invoices.
Furthermore, the Decree clarifies about the procedures and requirements for the tax exemption. The Decree will be effective from 1 January 2020.
