Less IGV and More Income Tax? The Proposal that Would Change Taxes in Peru

Small businesses in Peru could be left out of the advance collection of the IGVIn Peru, state revenues depend largely on the taxes paid by companies and citizens, with the General Sales Tax (IGV) being one of the main sources of collection.With a current rate of 18%, this tax taxes most of the commercial and service operations in the country.In this context, a legislative proposal has been presented in the Congress of the Republic of Peru that p…