Bolivia–Spain relations and Antonio José de Sucre entered Peru and defeated the Spanish forces in the country. Soon afterwards, troops led by Antonio José de Sucre entered Upper Peru and fought against royalist forces. By 1825, Upper Peru was free from Spanish authority. Originally, Bolívar wanted Upper Peru to join either Peru or Argentina, however, the people of Upper Peru convinced Bolívar and Sucre to give autonomy to the territory and on 6 August 1825, an Upper Peruvian congress declared the country independent and renamed the territory "Bolivia" in honor of Simón Bolívar and named its capital "Sucre" in honor of Antonio
Taxation in Peru also for investments in manufacturing industries located in the jungles, in designated tax-free zones and in borderline areas of the country. Furthermore, companies involved in certain economic sectors may be subject to special or reduced income tax rates (i.e. companies involved in agriculture, animal husbandry and similar activities are entitled to a 15% rate). Peru also has an income tax for individuals. Peruvian citizens domiciled in Peru are subject to taxation on their worldwide income. Individuals not domiciled in Peru are only taxed in this country on their Peruvian sourced income. Foreigners residing or staying in Peru for more than