Peru extends temporary capital gain tax exemption for securities transferred through Lima Stock Exchange subject to certain restrictions

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

The temporary exemption from capital gain tax (CGT) for transfers of securities carried out through the Lima Stock Exchange (LSE) has been extended until 31 December 2023 and additional requirements have been included to qualify for the exemption.

On 30 December 2022, Peru’s President enacted Law 31662 amending the temporary tax exemption for capital gains derived from the transfer of securities through the LSE.

Background

In 2015, Peru enacted Law 30341, which temporarily exempts from CGT the tran…

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