Peru published Law No. 31969 of 22 December 2023 in the Official Gazette on 30 December 2023, which entered into force on 1 January 2024 and provides for the introduction of new incentives to promote competitiveness and job creation in the textile, clothing, agricultural and irrigation, agro-export, and agro-industrial sectors.

One of the main incentives is a 20% tax credit for the reinvestme…