The Tax Administration of Peru approved Resolution No. 203-2014/SUNAT on 27 June 2013. According to the Resolution, the VAT withholding rate will be reduced from 12% to 10% for certain services.
The reduced rate will apply to services as in sections 5 and 10 of Annex No. 3 of Resolution No. 183-2004/SUNAT.
The resolution became effective from 1 July 2014.
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