Individual - Significant developments

Last reviewed - 20 July 2023

Law No. 30341 and 31662 and Supreme Decree No. 382-2015-EF exempt from income tax from 2016 to 2023 the capital gain obtained from the sale of shares, provided that: (i) not over 10% of a company ownership is transferred, (ii) the shares have to be registered in the Lima stock exchange at least one year, and (iii) the sale is made by an individual, undivided succession, or conjugal partnership. The exemption applies up to 4,950,000 Peruvian soles (PEN) in each taxable year.