Peru’s Congress has extended reduced VAT rates for hotels, restaurants, and tourist accommodations until 31 December 2027. The rates will remain at 8% for 2025 and 2026, before increasing to 12% in 2027.
The measure, introduced under Law 32219, aims to support the tourism sector by easing tax burdens on key services. The law was published in the Official Gazette on 29 December 2024 and took effect on 1 January 2025.
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