|
On 29 October 2022, the Peruvian President enacted Supreme Decree 050-2022, ratifying the Convention to Harmonize the Double Tax Treaties of the Pacific Alliance countries (the Convention).
Background
On 14 October 2017, Chile, Colombia, Mexico and Peru signed the Convention that will harmonize the tax treatment of pension funds under the Double Tax Treaties of the Pacific Alliance.
On 5 October 2022, the Peruvian Congress enacted Legislative Resolution 31580 approving the Convention. For information on the approval of the Convention and the main provisions harmonized under the Double Tax Treaties of the Pacific Alliance, see EY Global Tax Alert, Peruvian Congress ratifies Convention to Harmonize Double Tax Treaties of Pacific Alliance, dated 10 October 2022. Following approval by Congress, the Convention was pending ratification by the Peruvian President.
Supreme Decree 050-2022
Ratification of the Convention by the Peruvian President is the final procedure for the domestic approval of international treaties signed by the Government of Peru.
The Peruvian Ministry of Foreign Affairs will publish the Supreme Decree in the Official Gazette, providing the entire text of the Convention and the date of 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
- Ramón Bueno-Tizón
- Ingrid Zevallos
- Claudia Miranda
- Krizia Hurtado
Ernst & Young LLP (United States), Latin American Business Center, New York
- Lucas Moreno
- Ana Mingramm
- Pablo Wejcman
- Enrique Perez Grovas
Ernst & Young LLP (United Kingdom), Latin American Business Center, London
- Lourdes Libreros
Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific
- Raul Moreno, Tokyo
- Luis Coronado, Singapore
For a full listing of contacts and email addresses, please click on the Tax News Update: Global Edition (GTNU) version of this Alert.
