Skip to content
Subscriber Only

Peru to Cut Income and Profit Taxes in $3.9 Billion Stimulus

Updated on

Peru’s government plans to cut taxes for companies and workers and increase spending to offset a slump in investment hurting the $202 billion economy.

The government plans legislation to reduce the corporate tax rate to 28 percent from 30 percent, Finance Minister Alonso Segura told Radio Programas. It is also proposing to cut the lowest income tax band for workers to 8 percent from 15 percent. Both changes would take effect Jan. 1, he said.