Japan's Ministry of Finance has announced that the income tax treaty with Peru will enter into force on 29 January 2021. The treaty, signed 18 November 2019, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Japanese income tax, corporation tax, the special income tax for reconstruction, local corporation tax, and local inhabitant taxes. It covers Peruvian income taxes imposed under the Income Tax Act (Ley del Impuesto a la Renta) and under the Legislativ…