On 27 October 2021, the Government led by President Pedro Castillo has submitted a bill to Congress through which it requests extraordinary powers to legislate on tax matters. The main measures of the Bill are as follows:
- Increase of capital gains tax rate to 10% from 5%;
- Levy tax on dividends earned by companies;
- Creation of new mining tax
- Authorization to operate 100% digital finance companies in country
- Increase tax for the individuals with an income above PEN 300,000 in a year
In the transitory provisions, the bill indicates that the Ministry of Economy and Finance will inform the Budget Commission of Congress of the transfers of items made against the incorporation of resources from the highest tax collection, within 45 days calendar after the close of the fiscal year 2022.
