VAT Credit in the Peruvian Tax System

Journal
Escalante Alpaca, G.A.
Peru
International VAT Monitor 2023 (Volume 34), No. 6
FormatPDF
EUR
40
| USD
45
(VAT excl.)

In this article, the author explains the requirements that need to be fulfilled for the VAT on acquisitions (input VAT) to be considered as credit as well as the difficulties that the taxpayers face for that purpose and the consequences triggered by the misuse of such credit.