On 26 March 2022, Peru issued Legislative Decree No. 1537 in the official gazette regarding relaxing the term for the presentation of the communication of exported and imported goods and the obligation of the information to be registered in said communication. The rules apply in relation to the transfer pricing (TP) ‘sixth method’ and will effect from 1 January 2023.
In the export or import operations of goods with a known price in the international market, local market, or destination market, including those of derivative financial instruments, or with prices that are set by reference to the prices of the indicated markets, the taxpayer must submit a communication as an affidavit up to the date of commencement of embarkation or disembarkation.
In the case of exports, the communication may be modified until the third business day following the date of the end of unloading in the country of destination or the thirtieth business day after the end of shipment in Peru, whichever occurs first, provided that the communication has been submitted with the information and/or documentation required within the term indicated in this article.
