Regulation of the IGV
In August 1991, the Peruvian government regulated the General Sales Tax (IGV) rate at 14%, although it subsequently suspended the application of the simplified regime by means of a supreme decree.
The Executive Power, using the powers granted by Congress, published a provision regulating the General Sales Tax (IGV) rate at 14% and the Selective Consumption Tax by means of Legislative Decree 655. However, Supreme Decree 180-91 of Economy and Finance suspended the application of the simplified regime of the general sales tax. This measure was part of the economic reforms implemented by the government of Alberto Fujimori during 1991.