Peru enacts preferential depreciation rates for buildings, construction and hybrid and electric vehicles

Peruvian Congress enacted Law 31652 introducing preferential depreciation rates for buildings, construction, and hybrid and electric vehicles. The new regime became effective on 1 January 2023.

On 28 December 2022, Peruvian Congress enacted Law 31652, introducing preferential depreciation rates for specifics assets.

Background

The current depreciation rates established under the Peruvian tax legisla…