Reported 1 day ago
Peru is looking to attract agricultural investment by significantly reducing income tax for large export companies, from 29.5% to 15% over the next decade, as announced by Agriculture Minister Ángel Manero. The new legislation, which also offers reduced rates for medium and small businesses, aims to sustain the country's booming agro-export sector, projected to surpass mining exports by 2050. Last year, agricultural exports reached $12.8 billion, with expectations for growth to $15 billion by 2025, driven by products like blueberries and grapes. Peru is also pursuing new markets, including India.
Source: YAHOO