Global Tax Alert (News from Americas Tax Center) | 26 March 2014

Tax treaty between Peru and Korea enters into force

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The tax treaty between Peru and Korea entered into force on 3 March 2014, after Peru completed its ratification and notification process.

The tax treaty was approved on 27 December 2013, by the Peruvian Congress. The President ratified the tax treaty and notice was published in the Official Gazette on 27 February 2014.

Under Article 28 of the tax treaty, its provisions will be effective beginning the first day of January in the calendar year following that in which it enters into force.

Therefore, the tax treaty between Peru and Korea will be effective 1 January 2015.

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
  • Ramón Bueno-Tizón
    +51 1 411 4448
  • Nora Orihuela
    +51 1 411 4444
Ernst & Young LLP, Latin American Business Center, New York
  • Paola Salvador
    +1 212 773 5545

EYG no. CM4295