Recent Tax Reforms in Peru: A Macro-Sectoral Assessment Using a Dynamic Computable General Equilibrium Model

 This study examines two recent tax reforms in Peru aimed at fostering economic growth. A Dynamic Computable General Equilibrium (DCGE) model calibrated with 2023 data is employed to evaluate their macroeconomic and sectoral impacts. The results show that the Municipal Compensation Fund Law generates limited aggregate effects, with some notable exceptions: it tends to reduce the value added of the construction sector while increasing public expenditure on goods and services. In contrast, the New Agrarian Law stimulates agricultural and agro-industrial production, enhancing exports and value-added. However, it slightly reduces tax revenues and public spending and produces negative spillover effects on sectors not directly benefiting from the reform.