Overview
- Congress has enacted Law No. 32708 to revise the Mecenazgo Deportivo regime and put the statute into force while ministries and the sports institute prepare implementing rules for early 2027.
- The law raises the allowable tax deduction for eligible sponsorships to 15 percent for both companies and certain individuals and bars the same contribution from receiving other tax benefits.
- Donations in cash will not be deductible and the law requires payments through banking channels so tax authorities can trace funds and sanction simulated or fraudulent contributions.
- Eligible uses are broadened to cover hiring and subsidies for athletes and coaches, private insurance, travel and per diems, homologated equipment, consumables, sports prostheses and competition wheelchairs, and imports for these items remain exempt from VAT.
- Oversight is tightened by giving the Instituto Peruano del Deporte a non‑extendable 30 business‑day window to grant technical approval, banning sponsor‑beneficiary close relatives, and empowering SUNAT to demand tax rectifications and penalties; the change aims to mobilize private support for elite and paradeportive athletes but will raise compliance costs for sponsors and recipients.