Peru waives taxes on essential food items to combat inflation ...Middle East

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Peru waives taxes on essential food items to combat inflation
Peru's congress approved legislation on Tuesday that waives taxes for what it deems as essential foods, aiming to fight surging prices that have hit consumers hard in recent months. The measure, backed by the government of President Pedro Castillo, is estimated to cost some 3.8 billion soles ($1 billion) in lost revenue.

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