The Resolution 175-2013 of Peru sets out regulations concerning new transfer pricing documentation requirements which have become effective from 1 June 2013.
According to the new rule taxpayers subject to the transfer pricing rules are required to must file annually a transfer pricing affidavit and produce a transfer pricing study report along with the annual TP informative return. Taxpayers are also required to maintain documentation supporting this affidavit and study which apply only with respect to transactions that produce taxable income or deductible expenses.
A new version of the Transfer Pricing Virtual-Form 3560, which will be available to taxpayers and will be used from June 1, 2013, is expected to require more information than the previous version.
The transfer pricing study report will have to be in PDF format.
