LatinNews Daily - 13 October 2020

* Peru’s tax agency (Sunat) has announced that tax revenues decreased by 19.9% year-on-year in September, as the PEN7.2bn (US$1.98bn) collected was PEN1.63bn less than the figure for September 2019. Tax take in Peru had reduced significantly following the onset of the coronavirus (Covid-19) pandemic, and had been recovering in recent months – but this 19.9% decrease appeared to represent a reversal of this trend, compared to the 13.1% year-on-year decrease recorded in August. However, Sunat explained that tax take in September actually increased slightly from the August figure of PEN7.1bn, and attributed the scale of the year-on-year decline to the “significant extraordinary payments” received in September 2019.

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