We innovate in education and sustainable development through public-private collaboration.
At ENCHUFATE we believe in the power of collaboration to generate significant changes. Through the Obras por Tribus (OXI) mechanism, we finance and execute educational infrastructure projects that benefit thousands of students throughout Peru. Our commitment is to close gaps, promote sustainable development and build a better future for public universities and their communities.
What are Works for Taxes?
Public Works for Taxes is an innovative mechanism that allows private companies to finance public investment projects, which are executed quickly and efficiently to meet priority needs in sectors such as education, health, transportation and sanitation.
Essentially, companies invest directly in projects that have a positive impact on society and, in exchange, recover this investment through a discount on their Income Tax. This model encourages collaboration between the public and private sectors, achieving tangible results that generate development and well-being.
General WFT procedure (phases)
- Prioritization
Identification of the investment project by the public entity or Private Initiative for the financing and execution of a project. - Prior actions
Processes necessary to start the selection process. Includes the appointment of the special committee, preparation and approval of the bases of the selection process and the request for a prior report to the CGR. - Selection Process
Selection of the private company and the supervising private entity, according to the bases of the selection process prepared and approved by the public entity in the phase of prior actions. - Execution
Signing of the agreement and culminating with the recognition of the investment, through the issuance of the CIPRL or the CIPGN according to the obligations assumed by the private company.
Key Players at WFT
Prioritises the project, approves the bases of the selection processes, selects the private company and approves any modification to the agreement during the execution phase.
- General Directorate of Private Investment Promotion Policy – MEF
– Issues binding, exclusive and excluding opinion on the regulations.
– Project monitoring.
– Channels queries and requests information. - Proinvestment
– Technical assistance.
– Develops the selection process on request. - General Comptroller of the Republic
– Issues the Preliminary report.
– Performs subsequent control.
Works for Taxes: Driving the Future of Education in Peru
Through the works-for-taxes law we can transform the future of higher education.
Effective tool to accelerate project execution and improve educational infrastructure.
It will change the lives of 350 thousand students. Investing in education is investing in the future of Peru. You can participate as a project financier, buy the CIPRL.
