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March 18, 2019
Peruvian tax authorities postpone deadline for filing 2017 and 2018 country-by-country reports
In Ruling No. 054-2019 (14 March 2019), the Peruvian tax authorities postponed the deadline for filing country-by-country (CbC) reports for tax years 2017 and 2018 for Peruvian taxpayers that are members of a multinational enterprise (MNE) group whose ultimate parent entity (UPE) is a nonresident related party.
For tax year 2017, the postponement only applies to those taxpayers resident in Peru that had to submit the CbC report because the jurisdiction of the UPE’s residence has an international treaty or decision of the Andean Community (i.e., a free trade area comprising Bolivia, Colombia, Ecuador and Peru) in effect with Peru that authorizes the exchange of tax information, but does not have a qualifying competent authority agreement in effect with Peru for the exchange of the CbC report.
For tax year 2018, the postponement applies to:
The deadline for submitting CbC reports for both tax years will be the last business day of the month following the month in which Peruvian tax authorities publish on the department’s website that Peru has met the standard of confidentiality and security for information, as required by the Organisation for Economic Co-operation and Development.
For additional information with respect to this Alert, please contact the following:
Ernst & Young Asesores S.C.R.L, Lima
Ernst & Young, LLP, Latin American Business Center, New York
Ernst & Young LLP (United Kingdom), Latin American Business Center, London
Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific