Regulations with respect to the amendments introduced to the Income Tax Law in July 2012 were issued by means of Supreme Decree No. 258-2012-EF published on 18 December 2012.
Under the regulations, a new rule explicitly stipulates that a country that concludes a tax treaty with Peru, including an information exchange clause, will not be qualified as tax haven.
The regulations also clarify the application of the limit of deductible expenses for R&D. The annual…