Law Decree 1,120, published in the Official Gazette of 18 July 2012 and in force as from 1 January 2013, introduced amendments to the Income Tax Law including anti-avoidance measures. A main amendment is the introduction of CFC rules.
Under these rules profits derived by a Controlled Foreign Company (CFC) may be attributed to its Peruvian resident shareholders and, then, taxed in Peru, prov…