Hi there, my wife and I took advantage of this law back in July of 2012. We have been living in New York for the last nine years and have moved back to Peru. I am American and my wife is Peruvian. For the most part it is a very good opportunity. We shipped our belongings in a container from New York and I only had to pay very minimal taxes. I had to pay tax for a sleeping bag, a few fans and two surfboards (????). One of the surfboards I bought in Peru and took with me back to United States a few years ago. The rules for importing a car are more strict. For example, it cannot be more than five years old. I got burned, because I was trying to bring a 2008 model, but it was actually manufactured December 2007. Even though our container arrived August 2012, they look at the year of manufacture not the month. I left it behind, when I learned of this rule. I have heard taxes range from 15 to 30% for a vehicle. The other requirement for a vehicle, is the size of the motor cannot be larger than 2000cc, or basically a small to midsize car. Customs in Peru was very meticulous about the list we had to have typed up of all of the belongings and boxes. I purchased a brand-new 55 inch flat screen a month before shipping the container. They asked to see the TV, but they did not charge any tax on it.
My email is [email protected]
if you have any further questions.