Republic of South Peru Peru and North Peru reverted to being a single Republic of Peru. The Peru-Bolivian Confederation was a plan that attempted to reunite the "Alto Perú" ("Upper Peru", now Bolivia) and "Bajo Perú" ("Lower Peru", now simply Peru) into a single political and economic entity. Marshal Andrés de Santa Cruz promoted an ambitious project to reunite these two territories on the basis of a confederacy. This integration was based not only on historical, cultural and ethnic reasons, but also on sound economic motives. The union was trying to restore the ancient commercial routes and promote a policy of open markets. As
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