Peruvian tax authorities address merger of nonresident entities with one entity having a PE in Peru

On 6 October 2020, the Peruvian tax authorities published Public Ruling 061-2020-SUNAT/7T0000, addressing the merger of two nonresident entities when the absorbed entity has a permanent establishment (PE) in Peru.

The Peruvian tax authorities ruled the merger will have the following tax consequences in Peru:

• The PE of the absorbed entity will not have to obtain a new Tax ID.
• The merger of the two nonresident entities will not have tax effects for the PE in Peru.
• The absorbed entity will be taxe…