Main amendments entered in force during fiscal year 2019
- Peru enacted provisions with regard to the General Anti-Avoidance Rule (GAAR)
- Amendments to Peruvian income tax law with regard to the deduction of royalties and services paid to non-resident entities
- Definition of tax havens and preferential tax regime for Peruvian tax purposes
- Disclosure of the ultimate beneficial ownership of Peruvian legal entities
- New thin capitalisation rules
- New rule for the indirect transfer of shares
- Expanded definition of Permanent Establishment (PE)
- Indirect foreign tax credit
- Definition of the Accrual Principle for Income Tax Purposes
Discover more: Peruvian tax considerations
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