Peru
Southamerica
What special rules apply in Peru to the sale, issuance, or redemption of Giftcards?
Clear terms and conditions/information duties under Ley 29571 (for example, validity, restrictions, fees) are mandatory; unfair or misleading practices are prohibited (INDECOPI supervision). Operationally: IGV only on redemption (align receipt/EBM processes accordingly). (gob.pe)
What consumer rights apply in Peru for expired Giftcards?
As no special term is set, redeemability follows the issuer’s terms and conditions; unfair/non transparent expiry clauses can be challenged under Ley 29571 (INDECOPI). Recommendation: clear date information and fair rules; disputes follow INDECOPI case law. (gob.pe)
How are Giftcards treated for tax purposes in Peru (VAT, single-purpose / multi-purpose)?
No EU SPV/MPV system. Under IGV principles, the Giftcard is treated as a money/value representation; IGV arises on redemption (supply of goods/services), not on issue/transfer. This is confirmed by SUNAT Informe N.° 040-2016 and current professional commentary. (sunat.gob.pe)
Is there a legal rule in Peru on the validity period of Giftcards?
No specific statutory minimum or maximum validity for Giftcards (“tarjetas de regalo”) is set in Peru. The issuer’s terms and conditions apply, but are subject to the Consumer Protection and Defence Code (Ley 29571) (transparency/unfairness). INDECOPI decisions emphasise information duties for “tarjetas de regalo”. (gob.pe)