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Peru Gov't measures to stimulate investments and capital accumulation in micro-enterprises

LIMA,PERÚ-NOVIEMBRE 26. El ministro Alonso Segura,  se presenta ante Comisión de Economía del Congreso de la República.Foto: ANDINA/Oscar Farje Gomero.

LIMA,PERÚ-NOVIEMBRE 26. El ministro Alonso Segura, se presenta ante Comisión de Economía del Congreso de la República.Foto: ANDINA/Oscar Farje Gomero.

18:35 | Lima, Nov. 26.

Finance Minister, Alonso Segura, indicated government measures will stimulate investment and capital accumulation in the micro-enterprise sector, since a general sales tax refund on capital assets is being considered.

During the measure’s three-year validity period, the enterprises reaching annual sales equivalent to 150 tax units (UIT), which acquire new capital assets, will get the general sales-tax refund imposed on the acquisition, explained the minister.

"The objective is to stimulate investment and capital accumulation in the country’s micro-enterprises and to improve their productivity, which is the way to become more competitive," he said.

Segura affirmed capital acquisition will boost the employees’ income and productivity.

"We are planning to offer a significant refund [18%]. It is a way to generate productivity among these enterprises (...)," Segura expressed.

91.3% of micro-enterprises would receive this benefit, he calculated.

“The proposal will reduce the costs that the capital-assets acquisition represents to small enterprises by allowing them to dispose more  liquidity from the refund of general sales taxes,” the minister said.

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Published: 11/26/2014