Peru’s tax administration issued a resolution concerning the reduced rate of general sales tax on 1 February 2014. The general sales tax is charged on the purchase price of certain goods and services.
The resolution will be effective from 1 March 2014 and will apply to all transactions that begin on or after that date.
Resolución N° 033-2014/SUNAT sets out a reduction in the rate of the general sales tax, as applicable to suppliers on the amount of the transaction, from 6% to 3%.
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