The Peruvian Government issued transfer pricing (TP) regulations (Supreme Decree N° 333-2007-EF) on 17 November 2017 with detail guidance on the preparation and submission of the country-by country (CbC) report.

According to amendments made to Peru’s tax regulations, details of the minimum information to be recorded in the Local file, such as the identity of personnel on whom the taxpayer company’s management and administration depend. Information about intra-group services and work papers that connect the company’s financial information with its transfer pricing analysis also required to include in Local file.