With the publication of Legislative Decree No. 1423 (September 13, 2018) which amended Legislative Decree No. 973, the execution of an Investment Agreement with the Peruvian State is no longer required to qualify for the Special Regime for Advance Recovery of VAT (RERA VAT), being only necessary the issuance of a Ministerial Resolution that qualifies the natural or legal person as a beneficiary thereof.

Nonetheless, the Single Transitory Supplementary Provision of Legislative Decree No. 1423 states that its provisions are applicable to the requests for acceptance that are filed as of its effective date1; in the case of projects whose requests are in process or have already acceded to the Regime, they shall continue to be governed by the rules in force prior to this Legislative Decree.

To request access to this Regime, the following procedures must be followed: