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Peru tax revenue as share of GDP reaches 7-year high in 2021 -Breaking

by Mike Robinson

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LIMA, Reuters – Peru’s tax revenue (as a percentage of gross domestic products) reached 16.1% in 2021. This was the highest in seven year, thanks to a strong economy and increased export revenues – mainly.

SUNAT Peru, Peru’s tax body said in a statement the total tax revenue of the country was 139.952,000,000 soles ($35.44 Million) in 2021. That’s up by 44.4% from 2020 but 19.2% more than expected.

Luis Enrique Vera, head of SUNAT, said that the numbers were due to a 13.2% increase in economic activity last year according to projections by the central bank. They also reflect rising demand from the international market and increased metal prices.

Peru is the second largest copper producer in the world.

($1 = 3.9492 soles)

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