CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Peru Grants Tax Exemption For Bonuses

Peru Grants Tax Exemption For Bonuses

by Mike Godfrey, Tax-News.com, Washington

26 June 2015


The Peruvian Government on June 24, 2015, published a law granting a tax exemption for bonuses paid to employees on Independence Day and Christmas.

According to a statement in the country's Official Gazette, Law No 30334 is intended to provide a boost to the economy.

It provides that the July and December bonuses received by private sector employees will not be subject to the nine percent national health insurance (Essalud) contribution. The bonuses will also be exempt from AFP and ONP pension contributions. Public sector employees and civil servants will also benefit from tax-exempt bonuses.

The new law is effective from June 25, 2015.

TAGS: tax | economics | business | fiscal policy | law | insurance | employees | health care | social security | Peru | tax breaks | Pensions | Pensions

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »