Overview
- The government promulgated Law 32722 on Friday, July 10, 2026, and the measure takes effect July 14, 2026, extending the reinsertion regime until December 31, 2029.
- The extension preserves the current one‑time duty‑free cap of US$450,000 split into three categories: up to US$50,000 for household goods, up to US$50,000 for one vehicle, and up to US$350,000 for machinery and other capital goods.
- Only Peruvians who return to the country permanently are eligible to use the exemption and they must complete the required procedure with customs and other competent authorities to claim the benefit.
- The law is designed to cut the upfront cost of return and to encourage returning residents to reopen businesses or resume professional activity, which could raise demand for capital equipment and speed local business restarts.
- Law 32722 does not create new exemptions but renews the benefits that had been due to expire on July 13, 2026, preserving legal certainty for potential returnees through the end of 2029.