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Peru Tax Authority Holds Tax Treaty with Chile Does Not Provide for Taxation of Indirect Disposal of Shares in Peruvian Companies

|Treaty Development|Peru-Chile
Peru-Chile

The Peru tax authority (SUNAT) recently published Report No. 001-2021-SUNAT/7T0000 concerning whether capital gains derived by a resident of Chile are subject to taxation in Peru from the indirect disposal of shares in a company in Peru as a result of the disposal of shares in a company in Chile.

The report notes that under Peru's Income Tax Law, such indirect disposals may be subject to taxa…

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