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
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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
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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
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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
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