Tax
From The Report: Peru 2014
View in Online Reader

Featuring an interview with Esteban Chong, senior partner, PwC Peru, the tax chapter provides an overview of the Peruvian tax regime, highlighting recent changes in areas of interest to investors such as income taxes, stability agreements, tax treaties, tax exemptions and pension fund contributions, among others.

Articles from this Chapter

Overview

Paying their dues: An overview of the Peruvian tax regime
OBG
plus

Corporate Income Tax Companies incorporated in Peru are considered domiciled entities for income tax purposes and, therefore, subject to income tax at a rate of 30% on net taxable income determined on a worldwide basis. Branches, agencies and permanent establishments incorporated in Peru of non-domiciled companies or entities are subject to income tax at a rate of 30% on their Peruvian-sourced income only. In order to comply with their annual income tax liability, the aforementioned entities should…

Interview

OBG talks to Esteban Chong, Senior Partner, PwC Peru
OBG
plus

Interview:Esteban Chong The informal sector has been a large obstacle to tax collection in Peru. What is the best way forward? ESTEBAN CHONG: The informal sector creates a very complicated situation for the economy. The sheer size of it undermines competitiveness and allows for the violation of the rights of workers who are not registered for the national health or pension programmes. While there is a need to combat the spread of informal business, it is more important that the government…