The ruling clarifies where capital gains derived from the indirect transfer of Peruvian shares through a transfer of Chilean shares by a Chilean resident will be taxed. The ruling is good news for Chilean residents that own Peruvian shares, as their capital gains will be taxed only in Chile if they indirectly transfer the Peruvian shares.

In guidance (Ruling No. 001-2021-SUNAT/7T0000), the Peruvian…