Law No. 32219, that extends the term of the reduction of the General Sales Tax (IGV) for micro and small gastronomic entrepreneurs has been enacted. This measure, approved unanimously in the Congress of the Republic represents significant support, they indicated from the Peruvian gastronomic sector.
The VAT reduction, initially implemented in 2022, has proven to be an effective tool for economic reactivation and strengthening the sector.
Among its main results are:
● Prevention of massive closures: Thousands of micro and small restaurants managed to remain operational.
● Boost to formalization: More businesses entered the formal system, strengthening the sector.
● Employment generation: Formal jobs were created and 47,000 restaurants that had closed were allowed to reopen.
● Increase in tax collection: It exceeded 2019 levels, consolidating its positive impact on the economy.
These indicators were decisive for Congress to approve the extension of the measure, reaffirming its support for micro and small gastronomic businesses that are key to the economic and cultural development of the country.
A key step for Peruvian gastronomy
The enactment of this law will contribute to maintaining favorable conditions so that micro and small restaurants continue to grow and strengthen the cultural identity of Peruvian gastronomy, which is recognized as an important driver of tourist attraction and national pride.
The Union of Restaurant Guilds and Associations of Peru highlights the effort and commitment of the various sectors that have worked hard to consolidate this achievement, ensuring a future for this sector and the country.
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