Impulse Peru: MEF proposes new measures to revive the economy

Ministry of Economy and Finance (MEF) submitted ten proposals, in addition to the first 48, for inclusion in the plan Impulse Peruthe purpose of which is to revive the economy in the country.

Among the measures included proposals to encourage official employment, modification of existing subsidies, accounts, stimulate the growth of real estate and other industrial sectors.
These are the new offers of Impulso Peru

These are the measures proposed for Impulso Peru

Law Establishing Emergency Measures for the Promotion and Promotion private investment for three years. This aims to extend the benefits in terms of facilitating and promoting PNIC and PNISC projects to all infrastructure investment projects within three years. This measure will allow attracting public and private investments more quickly.

Temporary additional deduction of 50% of the expense for a period of one year to hire new workers. The measure aims to reduce payroll costs aimed at workers with a gross salary of less than 1,700 soles per month that employers have. This should encourage official recruitment.

mode accelerated depreciation of equipment and equipment for activities related to textiles, clothing and footwear. The proposal is aimed at reducing the financial costs of companies for three years. Current regulations establish a depreciation period of 10 years (annual depreciation percentage up to a maximum of 10% per year), and it is proposed to reduce it to three years (annual depreciation percentage up to a maximum of 33.33% per year).

Modification of the IGV early recovery regime, which provides financial assistance to companies at the pre-operational stage. It is proposed to temporarily reduce the minimum investment to USD 2 million for two years instead of 5, as specified in the current rules.

Promotion in the real estate sector through a 3-year extension special income tax regime provided by FIRBI, valid until 2022. Real Estate Income Investment Funds (FIRBI) have a positive impact on the development of the real estate and construction sector by providing an alternative source of financing for residential, commercial and industrial developers with the subsequent creation of jobs involved in the above investment projects; therefore, the tax credits contained in DL 1188 have been extended until 12/31/2026.

Sectoral measures to attract investment in the aquaculture and forestry sector. The existing legal framework for promoting forestry (timber, non-timber and ecosystem services) will be improved and options for long-term financing and enhanced benefits for the aquaculture sector will be promoted, as well as changes in regulation that will allow adequate oversight and control of activities.

Rise of the naval industry and mipes. Assigning resources for the development of the naval industry, a sector with high potential and a boost to mipes. Optimize standards and simplify procedures for the development of the naval industry (FONAFE, SIMA, environmental regulations, etc.)

Greater decentralization of tax work. Expand the number of districts with OxI-funded projects to include a plan to visit communities that were unable to participate in the OXI mechanism due to a lack of canonical, supercanonical, or royalty resources and that could participate under an approved modification.

FISE discount voucher program for 10 kg gas cylinders. Context: The temporary extension of the FISE S/25 discount voucher expires in December 2022. From 2023, the value of this voucher will return to 20 soles.

Services for obtaining a building permit and urban planning for the start of public works and opportunities for obtaining an Environmental Study, Environmental Management Instrument (IGA) – projects – a fast track for public investment. Reference information: Articles 3 and 4 of Legislative Decree No. 1538 (entered into force on 12/31/2022).