CORPORATE INCOME TAX: Companies incorporated in Peru are considered domiciled entities for income tax purposes and, therefore, subject to income tax at a rate of 30% on net taxable income determined on a worldwide basis. Branches, agencies and permanent establishments incorporated in Peru of non-...
Ranking 89th in the World Economic Forum’s 2012-13 “Global Competitiveness Report”, Peru’s infrastructure is far behind that of neighbours like Chile (45th) and Brazil (70th). This can largely be attributed to shortcomings in the transportation sector, where Peru ranks 97th in the world and for which a multibillion-dollar upgrade...
THE COMPANY: Volcan is a significant global producer of silver, zinc, copper and lead. It is the fourth-largest producer of zinc and silver worldwide and is currently the top producer of silver, zinc and lead concentrates in Peru. The company is engaged in the exploration, exploitation, and...
There’s a new kid on the block in Peru’s increasingly diversified mix of lucrative export produce; rich in protein content, low in gluten and with options for application in everything from the food, pharmaceuticals and cosmetic industries, quinoa, locally known as the golden grain, is establishing a place at the top end of the international...
Consistent growth in disposable income and consumer credit continues to increase the size of Peru’s middle class to levels where sales of cars, household appliances and furniture are registering record highs. According to the Lima Chamber of Commerce, 56.1% of the population counts itself among the top three income strata (out of six), up from...
A shift towards industrial development is propelling a number of Latin America’s leading economies. As one of the frontrunners, Peru has caught on to the trend of moving away from primary product dependency, discovering the benefits of establishing a healthy balance between manufacturing and commodity exports. The results are evident in domestic...
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