February 14, 2004 |
By
Keith Martin in Washington, DC
PERU increased its corporate tax rate to 30% on January 1, but it postponed until March 1 the date when it will start collecting a controversial 0.15% tax on banking transactions. The government is expected to propose at least a dozen other tax changes as the country tries to lift tax collections to 16% of gross domestic product. Such collections were 13% of GDP in 2003.
