Peru creates a new tax-free zone

Local contact

EY Global

20 Aug 2021
Subject Tax Alert
Jurisdictions Peru

Certain activities in the district of San Ignacio, Cajamarca will not be subject to taxes.

On 14 August 2021, Peru enacted Law No. 31343, creating a new tax-free zone in Peru — Zona Franca de Cajamarca (ZOFRACAJAMARCA) in the district of San Ignacio, Cajamarca (northern Peru).

The following activities will not be subject to corporate income tax, value-added tax, excise tax, customs duties and any other taxes imposed by the Federal Government and local governments:

  • Manufacturing
  • Commercialization
  • Industrial activities
  • Agri-business
  • Maquila factories
  • Services

Law No. 31343 went into effect on 15 August 2021. The Executive Power is expected to issue regulations implementing the law within the next 30 calendar days.


For additional information with respect to this Alert, please contact the following:

Ernst & Young Asesores S.C.R.L, Lima
  • Roberto Cores
  • Ramón Bueno-Tizón
Ernst & Young LLP (United States), Latin American Business Center, New York
  • Lucas Moreno
  • Ana Mingramm
  • Pablo Wejcman
  • Enrique Perez Grovas
Ernst & Young Abogados, Latin America Business Center, Madrid
  • Jaime Vargas
Ernst & Young LLP (United Kingdom), Latin American Business Center, London
  • Lourdes Libreros
Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific
  • Raul Moreno, Tokyo
  • Luis Coronado, Singapore

For a full listing of contacts and email addresses, please click on the Tax News Update: Global Edition (GTNU) version of this Alert.