Peruvian Congress introduces a cross-border corporate reorganization provision

Latin American Tax Newsalert

The Peruvian Congress recently introduced a bill that would amend the current income tax regime as it applies to capital gains recognized in connection with the transfer of Peruvian shares by nonresidents. The legislative proposal would allow non-recognition treatment for cross-border corporate reorganizations of companies which directly or indirectly own a Peruvian subsidiary.



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