Peru enacts new rules for tax incentives of expenses related to research and development

18 January 2023|Tax Alerts, Legislation & Policy, National/Federal Taxation|Peru

Law 31659 increases the deduction rates of expenses related to Scientific Research, Technological Development, and Technological Innovation. These tax incentives will be valid until 31 December 2025.

On 30 December 2022, Peru enacted Law 31659, increasing the deduction rates for Scientific Research, Technological Development, and Technological Innovation expenses (R&D expenses). The new tax incentives are effective as of 1 January 2023 until 31 December 2025.

Background

Law 30309 introduced a t…

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