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Nature of the tax
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Value added tax (VAT).
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Tax rate
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VAT standard rate is 19%.
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Reduced tax rate
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There is a reduced VAT rate
of 2% for certain products
and some exemptions (0%) for
foodstuffs, urban passenger
transport, the international
transport of cargo, life
assurance polices, some
financial products, books,
construction and maintenance
of ships.
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Other consumption taxes
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Peru has established a
consumption tax, "Impuesto
Selectivo al Consumo", for
the sale and import of goods
such as cigarettes (125%),
alcoholic drinks (20%);
sparkling and mineral water,
luxury items, fuel (fixed
sum), gambling and betting.
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