Peru's Congress amends Tax Code rules on interest for refunds and penalties

05 January 2024|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation|Peru

Law 31962 amends the Tax Code regulating the interest applicable for refund claims and penalties.
The new law affects the interest rate charged and the type of event that triggers interest liability.

Law 31962, published on 20 December 2023, amends the Tax Code with regard to the interest rate that the Tax Authority should considered in the following cases:

Refund claims for improper or excessive tax payments
Penalties

Interest on refund claims

Interest applicable to refund claims for improper o…

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