Peru’s gambling regulations could be set for an update after the National Congress approved a series of amendments to pending legislation from 2022.
The amendments came off the back of the discovery of several loopholes for potential tax evasion in the gambling regulations passed and signed into law by then-President Pedro Castillo.
A key change within the amendments was the elimination of the loophole that would have helped foreign companies avoid paying headline tax, which was set at 12%.
This specific change was proposed by Lady Mercedes Camones, of the APP party, who stated that “the initiative aims to ensure tax collection, prevent money laundering, verify that customers participate safely in this activity and collect the corresponding tax”.
