Relaxation of VAT penalties in Peru

Peru has issued Superintendency Resolution No. 000075-2026/SUNAT of 30 April 2026 in the Official Gazette, introducing changes to the timing for mandatory electronic invoicing and the use of the Integrated System of Electronic Records (Sistema

The Peru tax authority (SUNAT) has introduced Mutual Agreement Procedure Guidance Version 2.0 (2026) to replace the previous Mutual Agreement Procedure Guidance Version 1.0 (2023). The 2026 version of the Mutual Agreement Procedure (MAP) Guide

Peru’s Official Gazette published a Ministerial Resolution on 4 May 2026 confirming that officials from Peru and Singapore will hold the fourth round of negotiations for an income tax treaty from 16 to 19 June 2026. Negotiations for the income

According to an OECD update published on 3 March 2026, three new jurisdictions have joined the Common Reporting Standard framework by signing the addendum to the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account

Peru issued Legislative Decree No. 1714 on 4 February 2026, revising the application of advance VAT (IGV) withholding on imported goods. The changes clarify when a 10% withholding rate applies, up from the usual 3.5% or 5%, based on the risk profile

The income and capital gains tax treaty between Peru and the UK entered into force on 21 January 2026. Signed on 20 March 2025, the agreement aims to eliminate double taxation, prevent tax evasion and avoidance, and improve dispute resolution