Double tax treaties and transfer pricing in Peru
May 30, 2008
In the second in our series on double tax treaties, Gustavo López-Ameri of Deloitte & Touche in Lima reports on Peru's transfer pricing policy
Double or multiple taxation appears when two or more countries believe they have the right to tax certain income. In these cases, the same profit can turn out to be taxed by more than one state. In order to solve double international taxation, the states sign agreements to rule this situation. In this sense, these agreements develop not only the rules to avoid the double taxation but also provide mechanisms to be used by each national Tax Administration involved in detecting cases of tax evasion occurred in transactions among the signatory countries.
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