Global Tax Alert (News from Americas Tax Center) | 31 December 2013

Peru approves treaties with Switzerland and Mexico

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On 28 December 2013, the Peruvian Parliament submitted Legislative Notices No. 30143 and No. 30144, approving tax treaties with Switzerland, which was signed on 21 September 2012, and Mexico, which was signed on 27 April 2011. The notices were published in the Official Gazette.

In general, the treaties follow the OECD Model with slight variations and provide for the following withholding tax rates:

Treaty

Dividends

Interest

Royalties

Switzerland

10% – 15%
(exceptions apply)

10% – 15%
(exceptions apply)

10% (technical
assistance and digital services) and
15% (others)

Mexico

10% – 15%
(exceptions apply)

15%
(exceptions apply)

15%
(exceptions apply)

The treaty with Switzerland will enter into force after the exchange of ratification instruments and will apply from 1 January of the year following its entry into force.

The treaty with Mexico will enter into force 30 days after the exchange of ratification instruments and will apply from 1 January of the year following its entry into force.

For additional information with respect to this Alert, please contact the following:

Ernst & Young Asesores S.C.R.L, Lima
  • Roberto Cores
    +51 1 411 4448
    roberto.cores@pe.ey.com
  • Ramón Bueno-Tizón
    +51 1 411 4448
    ramon.bueno-tizon@pe.ey.com
  • Luis M. Sánchez
    +51 1 411 4444
    luis-miguel.sanchez@pe.ey.com
  • Nora Orihuela
    +51 1 411 4444
    nora.orihuela@pe.ey.com
Ernst & Young LLP, Latin American Business Center, New York
  • Paola Salvador
    +1 212 773 5545
    paola.salvadorlopez@ey.com

EYG no. CM4069