On 20 March 2020, the Peruvian Tax Authority published Resolution 059-2020 (the Resolution), establishing the procedure taxpayers interested in claiming the indirect foreign tax credit must follow to communicate certain information to the tax authority. The Resolution is effective 21 March 2020.
Background
On 1 January 2019, Peru amended its Income Tax Law to include an indirect foreign tax credit. A Peruvian entity receiving foreign income as dividends or profits from nonresident entities ma…