How can you protect your property from fraud or unauthorized acts while you cannot supervise them?
Freezing assets is the perfect tool to block any attempted disposal (such as sales or mortgages) of your property without your consent. This procedure guarantees legal security against registry fraud, preventing any unauthorized acts. If you will be away or simply want greater control over your property, this measure is ideal. Freezing allows publicity to be given to the registered...Read More
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Peru and Hong Kong Consolidate Their Trade Alliance
Legislative Decree No. 1644 amended Law No. 31557, the law regulating the operation of remote gaming and remote sports betting, to complement the regulation of its tax collection and optimize its application. As part of the APEC agenda, Peru and Hong Kong signed the FTA after several years of negotiations that began in 2022. The FTA will be a broad and ambitious agreement covering trade in...Read More
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Welcome to the “Chancay Megaport”
On Thursday, November 14, 2024, the Chancay Megaport was inaugurated virtually. This ceremony took place at the Government Palace in the presence of Peruvian President Dina Boluarte and Chinese President Xi Jinping. The goal of the Chancay Megaport is to become the starting point for forging a new corridor between the Asian giant and Latin America, as it will not only bring significant...Read More
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Changes to the Regulations on Customs Bills of Lading
We are writing to inform you of an issue that could significantly impact your operations and contractual relationships with your clients in Mexico. Superintendency Resolution No. 000240-2024-SUNAT was published today, amending the regulations on bills of lading. The main objective is to implement processes with greater traceability of information and goods involved in import and export...Read More
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The Regulations of the General Customs Law and other regulations are amended
On October 24, 2024, Supreme Decree No. 198-2024-EF was published, amending the Regulations of the General Customs Law, the Table of Sanctions applicable to violations provided for in the General Customs Law, among other provisions. The amendments are based on the need to have a regulatory and operational framework that supports the operations of the Chancay Mega Port and to simplify the rules...Read More
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Remote Gaming and Sports Betting Will Be Subject to the Selective Consumption Tax
Legislative Decree No. 1644 amended Law No. 31557, the law regulating the operation of remote gaming and remote sports betting, to complement the regulation of its tax collection and optimize its application. Among the amendments to the Selective Consumption Tax Law, these activities will be incorporated into the Value System, a system through which the tax will be applied to the amount...Read More
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The Income Tax Law (LIR) on Other Valuation Methods in the Transfer Pricing Rules is amended
Through Legislative Decree No. 1663, the Income Tax Law is amended in connection with the application of Transfer Pricing valuation methods. This amendment, which will enter into force on January 1, 2025, specifies the circumstances under which methods other than those already established may be applied: The prices and amounts of the established consideration correspond to the value that...Read More
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Special installment payment for tax debt approved by SUNAT
On August 30, 2024, Legislative Decree No. 1634 approved the regulation for the Special Installment Payment System for debts that constitute revenue to the Public Treasury. This regulation aims to encourage the payment of tax debts and increase state revenues. Under the regulations, all debts due until December 31, 2023, including interest, updates, and capitalized interest updated to the date...Read More
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Territoriality requirements in the Registry of Natural Persons are simplified
By Legislative Decree No. 1626, published on August 15, 2024, various articles of the Civil Code were amended to simplify the territorial requirements for the registration of deeds in registry offices nationwide. Accordingly, the law establishes that registrations in the Personal Registry, the Registry of Mandates and Powers of Attorney, the Registry of Wills, and the Registry of Intestate...Read More
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Differences between Reversion and Revocation of a Donation in Peruvian Civil Law
In Peruvian civil law, a donation is an act of liberality that may be subject to various legal provisions that allow for its modification or termination. Two of these provisions are revocation and reversion of a donation. Although often confused, these two provisions present significant differences in their legal nature and the conditions under which they can be invoked. This article briefly...Read More
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