Poptropica What To Do When Your Accountlocked

Law N º 29661 - replaces the Amazon Tax Benefits

extend life of DL 978

On February 8, 2011, is published Law N º 29661, which provides as follows:

1. Suspension of the application of Title III of Legislative Decree No. 978, the same refers to the implementation of the gradual replacement of Exemptions and tax incentives, this is by removing the exemption from VAT on sales of goods and services be conducted in the Amazon (read the paragraph "a" to "k" in paragraph 3.1 of Article 3 of Law No. º 27037 Promotion Act of investment in the Amazon ).
also is leaving that program indicated that the (calendar) will be applied unfailing and extendable from January 1, 2013.

2. It restores the tax benefit of exemption of VAT on sale of goods, services and construction contracts or the first sale of property, as provided in paragraph 13.1 of article 13 of Law No. 27037, that is for departments Amazonas, Ucayali, San Martín, Madre de Dios and the province of Alto Amazonas of the Department of Loreto, as well as other provinces and districts of the other departments in Amazonia.