Business Reforms in Peru
= Doing Business reform making it easier to do business. = Change making it more difficult to do business.
Paying Taxes: Peru made paying taxes less costly by decreasing the corporate income tax rate.
Getting Credit: Peru improved its credit information system by implementing a new law on personal data protection.
Paying Taxes: Peru made paying taxes easier for companies by creating an advanced online registry with up-to-date information on employees.
Dealing with Construction Permits: Peru made obtaining a construction permit easier by eliminating requirements for several preconstruction approvals.
Protecting Minority Investors: Peru strengthened investor protections through a new law regulating the approval of related-party transactions and making it easier to sue directors when such transactions are prejudicial.
Starting a Business: Peru made starting a business easier by eliminating the requirement for micro and small enterprises to deposit start-up capital in a bank before registration.
Protecting Minority Investors: Peru strengthened investor protections through a new law allowing minority shareholders to request access to nonconfidential corporate documents.
Paying Taxes: Peru made paying taxes easier for companies by improving electronic filing and payment of the major taxes and promoting the use of the electronic option among the majority of taxpayers.
Starting a Business: Peru eased business start-up by simplifying the requirements for operating licenses and creating an online one-stop shop for business registration.
Dealing with Construction Permits: Peru streamlined construction permitting by implementing administrative reforms.
Registering Property: Peru introduced fast-track procedures at the land registry, cutting by half the time needed to register property.
Trading across Borders: Peru made trading easier by implementing a new web-based electronic data interchange system, risk-based inspections and payment deferrals.
Starting a Business: Peru made starting a business easier by allowing online submission of electronic payroll books at no cost and by making company forms available online.
Registering Property: Peru made registering property easier through faster electronic processing times and through an internet connection between the tax agency and notaries facilitating the payment of municipal taxes.
Paying Taxes: Peru made paying taxes easier and less costly for companies by distributing software for value added tax payments, reducing the check tax and introducing a new regime of accelerated depreciation.
Trading across Borders: Peru made trading across borders easier by adding cranes at the port of Callao and thereby speeding up port and terminal handling activities.
Enforcing Contracts: Peru made enforcing contracts easier by introducing deadlines for filing evidence and contesting enforcement procedures and by permitting electronic judicial notices in lieu of publication in the official gazette.
Labor Market Regulation: Peru decreased mandatory paid annual leave and reduced the severance payments applicable in redundancy dismissals.