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Resolution that will regulate the charge of 0.5% tax to credit becomes effective
Posted On 10 Oct 2014
The Board of Policy and Monetary and Financial Regulation issued on October 9 the Resolution No. 003-2014-F, which regulates the implementation of the contribution of 0.5% in all types of loans. The contribution, which will fund the comprehensive cancer care, was established by the Monetary and Financial Code, currently in effect.
The text states that the charge will take place in all types of loans from private financial institutions controlled by the Superintendence of Banks.
The 0.5% will not be retained when the credits are obtained in cooperatives and other entities under the Superintendence of Popular and Popular Economy. The rate applies to loans for cara purchases, houses purchases, deferred credit card purchases, etc.