As the commodity supercycle comes to an end and economic growth eases, the Peruvian government has introduced legal changes to promote foreign investment and stimulate growth. This chapter highlights the most important recent changes in Peru’s legal framework, including measures to expedite permits, public-private partnerships, pensions and the Work for Taxes regime.
This chapter...
As part of an overview of the Peruvian tax regime, this chapter covers areas of particular interest to investors such as corporate and individual income tax, stability agreements, tax exemptions and pension fund contributions.
This chapter contains an interview with Esteban Chong, Senior Partner, PwC Peru.
Public spending on education and health is set to increase significantly in coming years as the government attempts to address one of the biggest challenges facing both sectors; a sizeable infrastructure gap that continues to perpetuate a significant urban-rural divide. In the process, opportunities for the private sector through public-private partnerships (PPPs) should abound. In the...
The telecoms and IT sectors, which combined make up a market of around $8bn, have seen substantial growth in recent years. Recent regulatory changes, large-scale investments, and the emergence of new players are effectively shaking up the telecommunications sector, which saw sales reach $5.5bn in 2013, according to the Supervising Organisation for Private Investment in Telecommunications (...
Increased domestic consumption, exports and investment have led to consistent growth in the agriculture sector for more than a decade. From 2003-12 growth averaged 4.14%, according to the Ministry of Agriculture and Irrigation. However, a decline in production volumes of key crops, in particular coffee, saw growth slow to 2.2% in 2013. The development of industrial and export-oriented...
In an effort to close the transport infrastructure gap, estimated to reach $20.9bn by 2021, Peruvian authorities are implementing heavy investment plans and making extensive use of public-private partnerships. With economic growth increasingly exposing the current limitations of Peru’s transport channels, efficiency and progress are key to ensuring sustainable growth in the future. Due to the...
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