Peru

CORPORATE INCOME TAX: Companies incorporated in Peru are considered as domiciled entities for income tax purposes and, therefore, are 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-...

Plans to modernise and expand the IT industry by the government, and generally improve internet connectivity throughout the country, are beginning to take shape. The multi-pronged approach aims to tackle technological issues across the nation by developing e-governance and lowering computer and laptop costs. Ranked 69th out of 142 counties surveyed...

With a rapidly growing economy the Peruvian government recognises the need to bridge the divide between socioeconomic development and education. To make the educational system a priority the government allocated it a 30% increase to the 2012 budget ( amounting to $35.8bn), the largest sector boost in recent years.

There is much evidence in the tourism business to suggest that Peru is performing well below its potential when it comes to visitor numbers. While Machu Picchu stands firmly on the list of the New Seven Wonders of the World, the site’s restriction to 2500 people on a daily basis limits the possibilities for growth. The numbers are pegged to prevent...

Despite the harsh conditions presented by a three-tiered topography of desert, mountain and jungle, Peru’s diverse agriculture industry has been a central component of economic activity and employment for thousands of years. In modern times the coastal desert region has received the largest portion of investment. As a result, its irrigated fields...

Thanks to a growing middle class and increased consumer spending, the ICT sector saw significant growth in 2011. The expansion of mobile telephony in Peru, as in many emerging markets, has been quite remarkable over the last five years. However, fixed-line services, which peaked in 2009, have started to see a decline in teledensity. Nevertheless,...