Global

Details

  • Service: Tax, Global Transfer Pricing Services, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 8/14/2012

Peru - Transfer pricing rules are expanded, documentation requirements clarified 

August 14:  Decrees issued earlier this summer modify Peru’s income tax law with respect to:

  • The scope of the transfer pricing rules
  • The transfer pricing documentation requirements
  • When transfer pricing adjustments may be made
  • The inclusion of an additional method—the comparable uncontrolled price (CUP) method
  • When transactions between independent parties will not be considered as comparables

In general, the changes have an effective date of 1 January 2013.


While Peru’s current transfer pricing rules contemplate the release of an advance pricing agreement (APA) process, release of APA guidelines is still pending.


Read an August 2012 report [PDF 93 KB] prepared by the KPMG member firm in Peru:

Modifications to transfer pricing regulations


Read a July 2012 report (Spanish) [PDF 54 KB] prepared by the KPMG member firm in Peru: Modifican la Ley de Impuesto a la Renta mediante los Decretos Legislativos Nos. 1120 y 1124


For more information, contact a tax professional with KPMG’s Global Transfer Pricing Services in Peru:


 

Sophia Castro Jurado

+51 (1) 611 3000

Juan Carlos Vidal

+51 (1) 611 3000 Ext. 3363




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