Peru

Peru’s current modern legal framework has now been in place for more than 25 years. After several different governments, global economic crises and other phenomena affecting the country, its underlying legal framework has essentially remained the same. Laws may have changed and some experiments may have been conducted but, the country’s...

CORPORATE INCOME TAX: Companies incorporated in Peru are considered domiciled entities for income tax purposes and are subject to an income tax rate of 28% (2016), 27% (2017-18) and 26% (as of 2019) on net taxable income determined on a worldwide basis. Branches, agencies and permanent...

As diversification efforts to reduce dependence on mineral resources continue, the education sector remains a top priority for the government under President Ollanta Humala. The challenges facing the education system are sizeable, as decades of underinvestment have resulted in a significant infrastructure deficit and persistently low quality....

A push to extend health coverage to more Peruvians has seen Peru make significant strides towards achieving universal coverage in the past decade. However, rising demand for health care is increasing the burden on already strained public facilities, following decades of underinvestment. The reforms initiated under President Ollanta Humala are...

Peru’s economic growth in recent years has spurred many changes to the country’s telecommunications sector. Traditional operators are being challenged by newcomers and preparing for the entrance of new low-cost players. Meanwhile private investment is being deployed into 4G network infrastructure across the country in response to the rising...

Besides the high levels of competition resulting from an increasingly crowded market, the Peruvian telecommunications sector is about to experience further change by the expected entrance of one or more mobile virtual network operators (MVNO) in the near future. One thing is certain: any additional player to the market would have a difficult...