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
0
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
0
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
0
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
0
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
0
SUNAT Could Suspend or Cancel the Authorized Economic Operator Certification
As we know, obtaining the AEO (Authorized Economic Operator) certification is a significant investment for a company, not only financially, but also in terms of the time it takes to establish a security structure that allows the applicant to have comprehensive traceability of the entire logistics chain. This represents a significant challenge for any company applying for this certification....Read More
0
Congress Approves Law Creating Economic and Tax Incentives for the Promotion of Film and Audiovisual Activities in Peru
On June 11, 2024, Congress approved the Bill creating economic and tax incentives for the promotion of film and audiovisual activities in Peru (hereinafter, the “Bill”). The bill was approved with more than 80 votes in favor and was exempt from a second vote. The executive branch has a maximum of 15 days to review or enact the proposal. The proposed incentives include: The...Read More
0
Peru and China Resumes Double Taxation Treaty Negotiations
On May 31, 2024, through a statement from the Ministry of Economy and Finance, it was announced that Peru and China will hold the second round of negotiations to sign a treaty to avoid double taxation and prevent tax evasion and avoidance. As we have previously stated, Double Taxation Agreements are entered into by two or more countries that hold the right to tax a certain income and seek to...Read More
0
Peru and the United Kingdom Conclude Negotiations on the Double Taxation
Agreement On May 17, 2024, the Ministry of Economy and Finance announced the completion of negotiations conducted in recent years between His Majesty’s Revenue and Customs (HMRC) and the Ministry of Economy and Finance of Peru for the signing of the Double Taxation Agreement (DTA). DTAs are international tax treaties agreed upon between sovereign states with the aim of preventing a...Read More
0
Regulation for the Prevention of Money Laundering and Terrorism Financing Applicable to Notaries Published
On May 13, 2024, SBS Resolution No. 01754-2024 was published, approving the regulation for the prevention of money laundering (ML) and terrorist financing (TF) applicable to notaries nationwide and to the Centralized Body for the Prevention of Money Laundering and Terrorism Financing (OCP) (ML/TF) (hereinafter, the “Regulation”). The Regulation repeals SBS Resolution No. 5709-2012,...Read More
0