IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jan 2015 | Removal date: 31 Dec 2016
Still in force

Tax-based export incentive

On 18 November 2014, the government of Peru via Supreme Decree No. 314-2014-EF reduced the drawback benefit rate from currently 5%, to 4% and 3% for the years 2015 and 2016, respectively. 
 
The duty drawback represents a percentage of the FOB value of the exported goods. It is used by the government to compensate Peruvian exporters for the customs duties paid on the imported supplies and raw materials used in the manufacture of the exported good. The drawback is capped at USD 20,000,000.
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

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