September 12, 2019
Peru and Japan agree in principle to Double Tax Treaty
On 6 September 2019, Japan’s Ministry of Finance published, on its official website, a press release, stating that the Government of Japan and the Government of Peru have agreed in principle to a Double Tax Treaty.
The Double Tax Treaty includes provisions that would clarify the scope of taxation in both countries, eliminate international double taxation, and prevent tax evasion and avoidance.
The Double Tax Treaty will be signed after the internal procedures have been completed by both Governments. The treaty will enter into force on the date of the last notification made between the countries.
For additional information with respect to this Alert, please contact the following:
Ernst & Young Asesores S.C.R.L, Lima
Ernst & Young LLP (United States), 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