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Peruvian Tax Authority rules that reverse merger between nonresident entities triggers indirect transfer of Peruvian shares

|Tax Alerts, Legislation & Policy, National/Federal Taxation|Peru
Peru
  • The Peruvian Tax Authority has established that a reverse merger between nonresident entities whereby the absorbing entity is the direct shareholder of a Peruvian entity triggers an indirect transfer of Peruvian shares.

On 5 December 2022, the Peruvian Tax Authority published Ruling 000087-2022 confirming that a reverse merger performed between nonresident entities where the absorbing entity is a direct shareholder of a Peruvian entity triggers an indirect transfer of Peruvian shares.

Background

A …

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