Greater control will be applied to the purchase of Peruvian companies abroad

Due to the increase in foreign sales by companies domiciled in Peru, and in order to prevent tax evasion or a reduction in the payment of income taxes, the Peruvian government has enacted certain measures to provide greater control over the profits obtained from these operations. It is estimated that 100 large operations of this type are carried out annually, with a transaction value of over 20.0 billion soles.

Faced with this panorama and the indications of undervaluation of the company's value reported by the SUNAT (National Superintendence of Customs and Tax Administration), the norm establishes the methods to be used to determine the minimum market value of the shares or holdings of the companies sold and also of the investments they represent.

Likewise, there will be a uniform accounting treatment for the conversion of values in foreign currency, as well as when the discounted cash flow is applied to national currency.

For further information or to request advice on this matter, please write to the following e-mail addresses: omago@omcabogados.com and marketing@omcabogados.com.pe