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Peru Considering Draft Law to Provide Double Taxation Relief via the Credit Method for Dividends Distributed by Subsidiaries

|Proposed Changes|Peru
Peru

On 12 June 2014, Peru released Draft Law No. 03599/2013-CR which would provide double taxation relief for dividends distributed by foreign subsidiaries to their Peruvian resident parent companies. Under the law, double taxation relief would be provided via the credit method for Peruvian residents that directly or indirectly hold at least 10% of the dividend paying subsidiary's capital.

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