The Peru tax authority (SUNAT) has published Report No. 200-2019-SUNAT/7T0000 concerning the treatment of the extra deduction incentive provided for research and development (R&D) under Law No. 30309 ({News-2019-11-13/A/3-previous coverage}) for taxpayers that have generated a tax loss including expenses incurred for a qualifying R&D project.
First, it is clarified that where a tax loss is generated, the extra deduction for qualifying R&D expenses is not excluded from the loss …