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August 19, 2021

Peru creates a new tax-free zone

Certain activities in the district of San Ignacio, Cajamarca will not be subject to taxes.

On August 14, 2021, Peru enacted Law No. 31343, creating a new tax-free zone in Peru — Zona Franca de Cajamarca (ZOFRACAJAMARCA) in the district of San Ignacio, Cajamarca (northern Peru).

The following activities will not be subject to corporate income tax, value-added tax, customs duties, excise tax, and any other taxes imposed by the federal government and local governments:

  • Manufacturing
  • Commercialization
  • Industrial activities
  • Agri-business
  • Maquila factories
  • Services

Law No. 31343 went into effect on August 15, 2021. The Executive Power is expected to issue regulations implementing the law within the next 30 calendar days.


Contact Information
For additional information concerning this Alert, please contact:
Ernst & Young Asesores S.C.R.L, Lima
   • Roberto Cores (
   • Ramón Bueno-Tizón (
Latin American Business Center, New York
   • Lucas Moreno (
   • Ana Mingramm (
   • Pablo Wejcman (
   • Enrique Perez Grovas (