Peru: Technical Assistance Report—Proposals for the 2022 Tax Reform: Mining Sector Fiscal Regime, Capital Gains, and IGV on Digital Services
IMF Staff Country Reports, March 25, 2022
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- Peru: Technical Assistance Report—Proposals for the 2022 Tax Reform: Mining Sector Fiscal Regime, Capital Gains, and IGV on Digital Services
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Bibliographic details
- Published: March 25, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400204999.002
Background and scope
- In October 2021, the MEF asked Congress for the delegation of powers to legislate on tax matters with the aim of increasing tax collections and doing so by adding progressivity to the Peruvian tax system.
- The initiative being developed by the MEF contains (tentatively, to date) around 40 specific measures—some administrative, others related to tax policy—that the MEF hopes will, as a whole, generate additional revenue for the treasury.
- The report is presented as an IMF Staff Country Report (Country Report No. 2022/082) and comprises 80 pages.
Key findings
- The tax collection impact of quite a few of the measures (including those pertaining to the mining sector) has not been estimated.
- The measures for which there is a calculation are estimated to bring in a little over 1 percent of GDP in revenues.
- Given Peru’s low level of tax collections, both relative to its own historical trends as well as those of other countries in the region, the amount expected to be collected with the proposed reform is modest.
- The report views increasing tax collections by enhancing progressivity as the right approach.
Focus areas analyzed
- Mining sector fiscal regime
- Capital gains taxation
- IGV (general sales tax) on digital services
- Administrative measures and broader tax-policy measures intended to raise revenues and enhance progressivity
Publication identifiers (from source)
- Pages: 80
- Volume: 2022
- Issue: 082
- Series: Country Report No. 2022/082
- DOI: https://doi.org/10.5089/9798400204999.002
- Stock No: 1PEREA2022002
- ISBN: 9798400204999
- ISSN: 1934-7685
- Publication date: March 25, 2022
International Monetary Fund. Peru: Technical Assistance Report—Proposals for the 2022 Tax Reform: Mining Sector Fiscal Regime, Capital Gains, and IGV on Digital Services, March 25, 2022.
Content in this bundle
- 1perea2022002