After decades of dictatorship, Myanmar emerged as an unlikely beacon of democracy in South-east Asia in 2015, as the National League for Democracy (NLD), under former political prisoner and Nobel-Prize-laureate Daw Aung San Suu Kyi, strode to a victory in November’s landmark election. With the government in Naypyidaw poised to hand over power...
Myanmar is currently passing through a crucial period of political debate, against the background of an era marked by rapid economic growth and international openness. The successful November 2015 parliamentary elections capped a landmark year for the country. Myanmar has undergone changes that only a few years ago might have seemed unlikely,...
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...
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