On 22 April 2023, Peru issued Legislative Decree No. 1549 in the Official Gazette, which extends the income tax exemption provided by Article 19 of the Income Tax Act for certain non-profit entities. Accordingly, the income tax exemptions, which were originally valid until 31 December 2023, have now been extended until 31 December 2026.
The following incomes are eligible for the tax exemption:
- Income of qualifying religious societies or institutions.
- Income generated from performances by foreign sportspersons and foreign artists in Peru.
- Income of qualifying non-profit foundations or associations engaged in charitable, social, educational, cultural, scientific, artistic, literary, sports, political, trade union, or housing activities.
- Interest from development credits granted by international organizations or foreign government institutions for infrastructure, public services, and micro-enterprise projects in Peru.
- Royalties for technical, economic, financial, or other advice provided from abroad by state entities or international organizations.
