Peru’s tax authority has extended the deadline for the time to submit a country-by-country (CbC) report for 2017.
Regulation RS No. 264-2018/SUNAT (Spanish) was released on Sunday 11 November 2018, to extend the deadline for certain taxpayers filing a CbC report for FY 2017. The extended deadline only applies for Peruvian subsidiaries of multinational entities (MNEs) if the MNE’s headquarters office is required to file a CbC report in its country of origin.
Under Peru’s 11 November 2018 guidance, the new deadline for eligible entities to file a CbC report for FY 2017 is based on the last digit of the taxpayer identification number (RUC), as follows:
|Last digit of
taxpayer ID number (RUC)
|0||14 March 2019
|1||15 March 2019
|2 and 3||18 March 2019|
|4 and 5||19 March 2019|
|6 and 7||20 March 2019|
|8 and 9||21 March 2019|
|“Good taxpayers”||22 March 2019|
The original deadline (15-23 November 2018) thus no longer applies for subsidiaries of MNE groups that are required to file a CbC report in the country of origin of the MNE’s headquarters.
For situations when the headquarters of the MNE is not required to file the CbC report in its country of origin or if the headquarters office of the MNE is located in Peru, the original deadlines—15-23 November 2018—for filing the CbC report still apply.
Also, the deadlines for filing the Master file (15-23 November 2018) have not been modified.
For more information, contact a tax professional with KPMG’s Global Transfer Pricing Services practice in Peru:
Juan Carlos Vidal | +51 (1) 611 3000 Ext. 1015 | firstname.lastname@example.org
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.