Commercial Information Circulars

24-hour hotline : 23 922 922

e-mail address : enquiry@tid.gov.hk

Ref : EIC 431/2

27 December 2013

Dear Sirs,

Commercial Information Circular No. 1055/2013

Peru : Assessment of General Sales Tax for Various Products

The Peruvian government issued a Supreme Decree No. 243/2013 on 29 September 2013 which established a mixed system for assessment of general sales tax ("Impuesto General a las Ventas / IGV" in Spanish) for various imports. The imports will be subject to an advance tax of either 3.5% which is assessed on the customs value or a fixed amount assessed on the basis of quantity, whichever is higher. The new assessment method applies to imports covering textiles, apparel, plastic, paper, motor vehicles items, engines, sound recording or reproducing apparatus and unrecorded optical media. The 49 Peruvian national subheadings involved are listed in the Annex to the Supreme Decree No. 243/2013.

2. For details, traders are advised to consult their importers in Peru and/or the above Peruvian Supreme Decree (in Spanish), which is available at: http://www.mef.gob.pe/index.php?option=com_docman&task=doc_download&gid=10464&Itemid=
100602&lang=es.

ENQUIRIES

3. For enquiries about the content of this circular, please contact Miss S Y TANG at telephone number 2398 5405.

Yours faithfully,

(Ms Cindy CHENG)

for Director-General of Trade and Industry