Tax & Legal
Services
Tax & Legal
Forvis Mazars' team of lawyers and tax advisors in Peru serve a variety of clients, from multinational companies to national groups of different sizes.
Our integrated model means that we have an international network that covers all regions of the world. In addition, having multidisciplinary teams allows us to design transversal solutions that help our clients to solve the challenges that the business faces.
Our integrated model means that we have an international network that covers all regions of the world. In addition, having multidisciplinary teams allows us to design transversal solutions that help our clients to solve the challenges that the business faces.
Tax
At Forvis Mazars, we understand how important taxation is. Therefore, in practice, we apply our extensive tax knowledge and specialization in the matter, helping our clients to face their tax problems, improve their tax burden and prevent future tax contingencies, both locally and internationally.
Transfer Pricing Services
In recent years, Peru has implemented several changes in its tax policy related to Transfer Pricing (TP). In effect, a series of Decrees and Resolutions were published with the objetive of aligning with international guidelines of TP, focused not only on local companies, but also on Multinational Enterprises (MNE) with a presence in Peru.
Consequently, companies must be concerned not only to validate whether operations carried out with related companies and/or non-cooperating territories or residents in countries with low or no taxation were carried out at market values (arm's length principle), but also that the agreed prices are related to the functions, assets and risks associated with the value chain. Additionally, they must have supporting documentation that shows the nature of these operations.
It should be noted that as of 2016, Peruvian companies are obliged, based on their income (individual and / or Group) and the amount of their intercompany operations, to submit three types of Informative tax Return (ITR): ITR- Local Report, ITR-Master File and ITR-Country by Country Report.
Consequently, companies must be concerned not only to validate whether operations carried out with related companies and/or non-cooperating territories or residents in countries with low or no taxation were carried out at market values (arm's length principle), but also that the agreed prices are related to the functions, assets and risks associated with the value chain. Additionally, they must have supporting documentation that shows the nature of these operations.
It should be noted that as of 2016, Peruvian companies are obliged, based on their income (individual and / or Group) and the amount of their intercompany operations, to submit three types of Informative tax Return (ITR): ITR- Local Report, ITR-Master File and ITR-Country by Country Report.
Legal
The legal services offered by Forvis Mazars are aimed at both multinational companies and local companies, with the clear objective of helping them to achieve reliability and competitiveness in the development of their activities. Our advice is focused on the needs of your business, helping you to reach your full potential.
Want to know more?