Presentation of Transfer Pricing studies in Peru - Accrual 2021

From June 15 to June 23, all companies domiciled in Peru that have carried out operations in excess of S/. 10 million are obliged to file their Annual Sworn Informative Statement (DJ) on Transfer Pricing for Fiscal Year 2021, which must be accompanied by the Virtual Form 3560 - Local Report. The declaration must be aligned to market values, according to the principle of free competition.

The purpose of this action is to avoid that both the parent company and the subsidiaries of the companies may alter their costs or perhaps reduce their taxable income, thus harming tax collection.

Transfer Pricing is understood as any transaction agreed between two companies belonging to the same economic group, in this case of Peruvian origin (multinational) or international (multilatina), whose operations are carried out in different jurisdictions.

For further information or to request advice on the subject matter OMC Abogados & Consultores is at your disposal, you can write to the following e-mails: omago@omcabogados.com.pe and marketing@omcabogados.com.pe