* Peru’s central bank (BCRP) has announced that the tax take from Peru’s general sales tax (IGV) amounted to PEN$7.02bn (US$1.70bn) in August, representing a year-on-year increase of 56.7%. Whilst part of that increase can be attributed to reduced consumption in August 2020 caused by the coronavirus (Covid-19) pandemic, the August tax take was also 32.5% higher than the pre-pandemic figure recorded in August 2019. The BCRP stated that the improved year-on-year tax haul was principally due to increased IGV revenue from imports (+98%), with IGV on domestic products playing a lesser role (+30.5%). August marked the seventh consecutive month of rising IGV revenue, with the January-August period seeing a 45.7% year-on-year rise in IGV income.
End of preview - This article contains approximately 123 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options