Peru Introduces a Tax Amnesty and Enacts Automatic Exchange of Information Provisions
This insight is only available in Spanish.
Peru has issued a tax amnesty for individuals who are tax residents in Peru and who wish to declare and/or repatriate otherwise undeclared taxable net income, earned as of 31 December 2015. Additionally, new Automatic Exchange of Information (AEOI) provisions have been introduced in the Peruvian Tax Code in accordance with OECD recommendations. Judges can now grant access to bank account information to Peruvian Tax Authorities within a 48-hour period upon request, and information shall be provided by applicable banks within 10 business days.