TY - BOOK ID - 134065835 TI - Peru: Technical Assistance Report—Proposals for the 2022 Tax Reform: Mining Sector Fiscal Regime, Capital Gains, and IGV on Digital Services. PY - 2022 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Money and Monetary Policy KW - International Economics KW - Taxation KW - Macroeconomics KW - Natural Resource Extraction KW - Monetary Policy KW - International Agreements and Observance KW - International Organizations KW - Taxation, Subsidies, and Revenue: General KW - Personal Income and Other Nonbusiness Taxes and Subsidies KW - Aggregate Factor Income Distribution KW - Industry Studies: Primary Products and Construction: General KW - Monetary economics KW - International institutions KW - Public finance & taxation KW - Extractive industries KW - Monetary policy KW - International organization KW - Income and capital gains taxes KW - Taxes KW - Income tax systems KW - Income KW - National accounts KW - Mining sector KW - Economic sectors KW - Tax incidence KW - Tax policy KW - International agencies KW - Income tax KW - Mineral industries KW - Tax administration and procedure KW - Peru UR - https://www.unicat.be/uniCat?func=search&query=sysid:134065835 AB - In October 2021, the MEF asked Congress for the delegation of powers to legislate on tax matters with the aim of increasing tax collections and doing so by adding progressivity to the Peruvian tax system. The initiative being developed by the MEF contains (tentatively, to date) around 40 specific measures—some administrative, others related to tax policy—that the MEF hopes will, as a whole, generate additional revenue for the treasury. The tax collection impact of quite a few of the measures (including those pertaining to the mining sector) has not been estimated, whereas the measures for which there is a calculation are estimated to bring in a little over 1 percent of GDP in revenues. Given Peru’s low level of tax collections, both relative to its own historical trends as well as those of other countries in the region, the amount expected to be collected with the proposed reform is modest. However, increasing tax collections by enhancing progressivity would appear to be the right approach. ER -