Japan's Ministry of Finance has announced the signing of an income tax treaty with Peru on 18 November 2019 (19 November 2019 in Japan). The treaty is the first of its kind between the two countries.
Taxes Covered
The treaty covers Japanese income tax, corporation tax, the special income tax for reconstruction, local corporation tax, and local inhabitant taxes. It covers Peruvian income taxes imposed under the Income Tax Act (Ley del Impuesto a la Renta) and under the Legislative Decree t…