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October 19, 2022 Peru Tax Authority publishes new High Risk Schemes under GAAR
On 11 October 2022, the Peruvian Tax Authority published on its official website an updated version of the list of high-risk schemes for tax planning that could be challenged under the Peruvian GAAR). Background In February 2020, the Peruvian Tax Authority published the first version of the list with five initial tax planning situations (high-risk schemes) that would generate the application of the GAAR. Updated list The Peruvian Tax Authority updated the initial version with the publication of a second edition that included the initial five schemes and incorporating eight new situations. The updated list includes a total of 13 high-risk schemes that could be challenged under the Peruvian GAAR:
Taxpayers engaging in the respective transactions could be subject to challenge under Peru’s GAAR. _________________________________________ 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
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