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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International Tax | Peru

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