On 14 March 2019, the Peruvian tax authorities (SUNAT) issued an administrative regulation (Ruling No.054-2019) that extends the deadlines for the local filing of the CbC reports for Fiscal years 2017 and 2018. This resolution is effective as of the date of its publication.
Priviously, the local filings of CbC reports for fiscal year 2017 were due from 14 to 22 March 2019, and also the local filings of CbC reports for fiscal year 2018 were due from 15 to 23 October 2019.
SUNAT’s Resolution provides that the due date to submit the informative CbC report has been extended to the last working day of the month following the date on which SUNAT publishes on its website a notice stating that Peru has approved an assessment of the standard of confidentiality and security of information required by the OECD for automatic information exchange. For example, if the notice is posted on 20 March 2019, the payment deadline is extended until the last business day of April.
CbC reports for the fiscal year 2017
The extension is only available to companies belonging to a multinational group located in a country where the submission of a CbC report is mandatory. However, as of 14 March 2019, there is no agreement with Peru to automatically exchange CbC reports.
CbC reports for the fiscal year 2018
The extension applies to companies with a head office of a multinational group in countries where it is not necessary to submit a CbC report.
