Peru extended VAT exemption on essential goods and selected services until 2028.
The Peruvian government has extended the VAT (Impuesto General a las Ventas, IGV) exemption for the transactions listed in Appendices I and II covered under the VAT Law.
The law ensures continued VAT relief on essential goods and selected services. It came into effect on 1 January 2026.
Law 32,542 was published in the Official Gazette on 31 December 2025.
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