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Peru : IDB gives approval to loan for tax, customs management in PERU

July 3, 2014

The Inter-American Development Bank (IDB) has approved a US$15 million loan to Peru in a support to advance its tax and customs management at the national and municipal level.

This loan targets to bolster structural government revenue as a percentage of Gross Domestic Porduct (GDP).

The country, at the national level, will further guide the way taxation and customs information is controlled by the National Directorate of Customs and Tax Administration (SUNAT). For achieving this, Peru will execute systems drafted to advance taxpayer compliance. It will also establish a Coordinated Border Management program.

The project, at the municipal level, is planned to advance management of the public revenue policy handled by the Ministry of Economy and Finance (MEF), by targeting on collecting taxes.

The similar new tool will be utilized in a sample of urban municipalities, boosting municipal tax revenues, mainly from property taxes.

The IDB has a long track record of supporting tax and customs policy and administration, both in Peru and other countries of the region.

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Source: TendersInfo (India)

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