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Peru abandons VAT cut

  • Jul 17, 2017 | Richard Asquith
Peru abandons VAT cut

Peru abandoned plans to cut its VAT rate from 18% to 17% on 1 July 2017.

The country’s fiscal deficit has widened recently, leading to an abandonment of the 3-year reduction plan to 15%.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.