Peru: Law No. 31452 – Law Exempting Basic Food Basket Products from the General Sales Tax

Law establishing extraordinary measures concerning the General Sales Tax applicable to selected basic food basket products in order to mitigate the inflationary impact generated by the international economic situation. It temporarily exempts domestic sales or imports of chicken meat, eggs, sugar, pasta and bread from the tax and allows taxpayers marketing these products to use the tax paid on selected production inputs as a tax credit.