Peruvian Government modifies minimum interest rate allowed for national and foreign currency loans

29 March 2023|Tax Alerts, Legislation & Policy, National/Federal Taxation|Peru

A new Peruvian Legislative Decree modifies the minimum interest rate allowed for loans in local and foreign currency, given that LIBOR rates will no longer be published.
The Decree will be effective as of 1 January 2024.

Peruvian Legislative Decree 1545, published on 15 March 2020, expressly establishes that all loans will accrue a minimum interest rate, even if the parties had agreed to a lower interest rate or had agreed the loan would not accrue any interest.

Background

Formerly, the Peruvian Inc…

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