The recent first-instance approval of the Agricultural Law project represents a decisive opportunity to transform the Peruvian agricultural sector into a driver of productive, competitive, and sustainable development.
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Rubén Carrasco, executive director of Cultivida, highlighted that this new legislation offers a modern legal framework that drives investment, promotes formalization of small producers, and encourages the inclusion of more Peruvians in formal agricultural employment. "Peru has fertile deserts, water access, a diverse climate, and ongoing megaprojects like the Chancay megaport. All of this, combined with a population willing to work, positions us as a future food pantry for the world," Carrasco stated. One of the proposal's pillars is the reduction of Income Tax (IR) to 15% for agro-export companies during the 2025-2035 period. Starting in 2036, this rate will align with the general regime of 29.5%. This measure seeks to attract investments and boost large-scale agricultural activity. The law also establishes direct benefits for small producers, exempting them from Income Tax if their annual income does not exceed 30 UIT (equivalent to S/ 154,500). Likewise, fiscal credit and ...