TRANSFER PRICING IN PERU: INCOME TAX LAW REFORMS COME INTO EFFECT
On January 1st, the reform to the Income Tax Law came into effect, modifying the Transfer Pricing Regime in Peru through Legislative Decrees 1662 and 1663.
We advise companies in all kinds of projects, including preparing Supporting Documentation (Local Files), designing Transfer Pricing Policies, analyzing financial transactions, valuing intangible assets, benchmarking, and business restructuring, among others.
Our practice covers Transfer Pricing compliance and consulting for all Latin American countries and Spain, supported by a specialized team with over 20 years of experience. We offer an integrated service that oversees the entire process until filing in every jurisdiction.
We are a boutique consulting firm that exclusively serves companies engaged in international transactions. Our strong training program and high-quality standards are designed to exceed our clients' expectations in every deliverable.
We lead regional projects across all Latin American countries where our clients operate. Having a centralized team allows our clients to achieve economies of scale, maintain uniform criteria in their economic analyses, streamline communication, facilitate project monitoring, and minimize the production and circulation of information. This makes working with TP International Advisors the best cost-effective decision.
On January 1st, the reform to the Income Tax Law came into effect, modifying the Transfer Pricing Regime in Peru through Legislative Decrees 1662 and 1663.
With the goal of improving tax collection without increasing taxes, the Tax Administration Service (SAT) has introduced its 2025 Master Plan, aiming to generate 5.3 trillion pesos through a strategy focused on digitalization, streamlining procedures, and combating tax evasion.
Today, February 26, 2025, is the final deadline for submitting public comments on Resolution MH-DGT-RES-000-2025, issued by the General Directorate of Taxation. This resolution provides an opportunity for entities representing general, corporate, or diffuse interests to submit their observations on the proposed guidelines for the submission of the Transfer Pricing Informative Return.
Law Nº 15,079, enacted on December 27, 2024, establishes the Additional Social Contribution on Net Profit (CSLL) as part of Brazil’s effort to align with the Global Anti-Base Erosion Rules (GloBE Rules) under the OECD’s Pillar II Inclusive Framework. This law aims to implement an effective minimum taxation of 15% for multinational groups generating annual revenues of at least 750 million euros, thereby ensuring greater equity and transparency in international taxation.