The income and capital tax treaty between Peru and Switzerland entered into force on March 10th 2014. The withholding rates of the treaty are as follows:
- Dividends - 10% if paid to a company that holds directly at least 10% of the capital of the paying company, otherwise 15%
- Interest - 10% if incurred for financing to acquire industrial, commercial or scientific equipment, or on a bank loan, otherwise 15%
- Royalties - 10% for technical assistance or digital services, otherwise 15%
The treaty wi…