Peru Publishes Decree on a VAT Exemption for Certain Services and Goods Supplied by Non-Residents

Peru published Supreme Decree No. 065-2015-EF in its Official Gazette on 26 March 2015. The decree sets out the exemptions from VAT for certain services provided by non-residents and the import of certain goods.

Services VAT Exemption

Services rendered by a non-resident in Peru will be exempt from VAT if the remuneration for the service is included in the customs value of imported tangible goods and the goods are subject to VAT.

Imported Goods VAT Exemption

The import of tangible goods w…