Peru has implemented confidentiality, consistency, and appropriate-use prerequisites pursuant to OECD standards and, in turn, this compliance with OECD standards allows for the automatic exchange of country-by-country (CbC) reports.
Peru could receive CbC reports submitted to tax authorities in other jurisdictions by multinational groups with a local presence, and no secondary CbC filings would be required (refer to Article 116 of Peru’s income tax regulations). Pursuant to provisions of Resolution 000155-2020, Peru’s tax authority (SUNAT) now must post a statement about this development on its website to complete the formal requirements.
Taxpayers need to consider how they can timely comply with their CbC reporting obligations—in particular, given the fast-approaching due date for filing an information affidavit with regard to the CbC report for fiscal year 2019.
For more information, contact a tax professional with KPMG’s Global Transfer Pricing Services group in Peru:
Juan Carlos Vidal | +51 (1) 611 3000, ext. 1015 | email@example.com
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