Peru announces agreement for the exchange of financial account information
On 21 October 2020, the Peruvian tax authorities has announced that they will start the CRS Multilateral Competent Authority Agreement (CRS MCAA), the agreement for implementing the automatic exchange of financial account information under the
See MorePeru issues resolution on international merger operation between two non-domiciled companies
On 6 October 2020, the Peruvian tax authorities (SUNAT) issued Resolution No. 061-2020-SUNAT / 7T0000 Official Website, through which the following has been concluded: The permanent establishment must maintain the same RUC number and notify
See MorePeru extends country-by-country report submissions deadline
On 25 September 2020, the Peruvian tax authority has published Resolution No. 000155-2020/SUNAT, through which the country-by-country (CbC) reports on multinational group entities are extended for the fiscal year 2019. SUNAT extend it until the
See MorePeru extends tax deferral applications submitting deadline due to COVID-19
On 28 September 2020, the Peruvian tax authorities (SUNAT) issued Supreme Decree No. 285-2020-EF in the Official Gazette. The Decree extends tax deferral applications submitting deadline to 31 December 2020 from 30 September 2020 due to the
See MorePeru: SUNAT modifies tax filing deadline again amid COVID-19 pandemic
On 29 May 2020, the Peruvian tax authorities (SUNAT) issued Resolution No. 099-2020/SUNAT in the Official Gazette modifying previous Resolution No. 055-2020/SUNAT and 065-2020/SUNAT in response to COVID-19 pandemic. The Resolution further extends
See MorePeru: SUNAT issues Decree on tax payment deferral regime amid COVID-19
On 10 May 2020, the Peruvian Tax Administration (SUNAT) has issued Legislative Decree No. 1487, through which the tax payment deferral regime is established in response to COVID-19. the deferral regime of the tax debts administered by SUNAT, which
See MorePeru extends carry forward loss period in response to COVID-19
On 8 May 2020, Peru has published Legislative Decree No. 1481 in the official gazette extending the carry forward loss period in response to COVID-19. It is established that loss incurred in the 2020 taxable year, can be carried forward for up to
See MorePeru: SUNAT further modifies tax filing deadline amid COVID-19 pandemic
On 29 April 2020, the Peruvian tax authorities (SUNAT) issued Resolution No. 075-2020/SUNAT in the Official Gazette modifying previous Resolution No. 055-2020/SUNAT and 065-2020/SUNAT in response to COVID-19 pandemic. The Resolution further
See MorePeru: SUNAT modifies tax filing deadline amid COVID-19 pandemic
On 30 March 2020, the Peruvian Tax Administration (SUNAT) has published Resolution No. 065-2020/SUNAT in the Official Gazette modifying Resolution No. 055-2020/SUNAT. The Resolution facilitates compliance with tax obligations before the
See MorePeru updates tax filing deadlines due to COVID-19 outbreak
On 24 March 2020, the Peruvian Tax Administration (SUNAT) has issued Resolution 061-2020/SUNAT on its website amending tax filing deadlines due to COVID-19 outbreak. SUNAT has extended the annual income tax filing and payment deadline for the 2019
See MorePeru extends tax filing deadlines due to COVID-19 outbreak
On 16 March 2020, the Peruvian Tax Administration (SUNAT) has issued Resolution 055-2020/SUNAT on its website regarding tax measures due to COVID-19 outbreak. Through the Resolution, SUNAT has extended the annual income tax filing and payment
See MorePeru: SUNAT provides a list of high-risk tax planning schemes regarding GAAR
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
See MorePeru: SUNAT explains carry forward loss rules for R&D incentives
On 23 January 2020, the Peruvian Tax Administration (SUNAT) has published Report No. 200-2019-SUNAT/7T0000 on its website regarding tax carry forward loss rules for research and development (R&D) incentives. SUNAT clarifies that the R&D
See MorePeru issues Supreme Decree to amend rules on capital gains tax exemption
On 30 December 2019, Peru has issued Supreme Decree 410-2019-EF that modifies the capital gains tax exemption rules. The Decree amends Supreme Decree 382-2015-EF that approved the Law No. 30341, which extends the exemption from tax on income from
See MorePeru: SUNAT issues report on interest deduction limitations
On 29 November 2019, the Peruvian Tax Administration (SUNAT) has published Report No. 171-2019-SUNAT/7T0000 on its website regarding exception for the taxpayers engaged in public infrastructure projects, public services and applied research and
See MorePeru extends tax incentives for R&D investments until 2022
On 31 October 2019, Peru published an Urgent Decree 010-2019 in the official gazette modifying Legislative Decree No. 30309. The Decree promotes scientific research, technological development and technological innovation. The tax benefits are
See MorePeru extends tax incentives for real estate funds until 2022
On 31 October 2019, Peru published an Urgent Decree 009-2019 in the official gazette modifying Legislative Decree No. 1188. The Decree approves the extension of the validity of tax incentives to promote real estate investment funds until December
See MorePeru extends capital gains tax exemption until 2022
On 24 October 2019, Peru issued Urgent Decree 005-2019 in the official gazette modifying Legislative Decree No. 30341. The Decree extends the exemption from tax on income from the sale of certain securities. The following values will be benefited
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