On 5 February 2020, the Peruvian Tax Administration (SUNAT) has published first version of the list of high-risk tax planning schemes regarding General Anti-Avoidance Rule (GAAR). The list contains the following five tax planning schemes:
- Deduction of royalties for assignment in use of the brand,
- Disposal of a Peruvian company through autonomous equity,
- Sale of shares and change of address to a country with an agreement to avoid double taxation,
- Transfer of trademarks and capitalization of credits, and
- Management contract.
The list will be periodically updated, aims to discourage the use of elusive schemes and motivate voluntary compliance with tax regulations.
