Peru

Gonzalo Escalante, Zegarra Aguilar Abogados, discusses the March 26 publication of Peru’s legislative decree on the taxable treatment regarding profit-sharing association contracts.

Gonzalo Escalante, Zegarra Aguilar Abogados, discusses the Peruvian Congress’s December 17 approval of legislation to allow the executive power to modify tax on nonresident entities’ presumed income; the approved version includes several changes from . . .

Gonzalo Escalante, Zegarra Aguilar Abogados, discusses the Peruvian prime minister’s October 27 delivery to congress of a legislative project seeking to increase the presumed income applicable to nonresident entities and their branches or other . . .

Elisa Kaminsky, of BaseFirma, Miami, discusses September 20 guidance issued by the Peruvian tax authority on the treatment for interest expenses on foreign debt . . .

Carlos Vargas Alencastre and Franz Salazar Anccasi of TPC Group Peru, discuss guidance issued June 4 by Peru’s tax administration on the indirect transfer rules, which levy tax on the transfer of shares in a non-Peruvian company that directly or indirectly owns shares in a Peruvian company . . .

Franz Salazar Anccasi of TPC Group, Peru, discusses important changes to Peru’s general anti-avoidance rule published on May 6 . . .