DOCSLIB.ORG

Employment, Immigration and Income Taxes

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Employment, Immigration and Income Taxes Employment, Immigration And Income Taxes PwC Peru February 2017 This document was prepared by PwC Peru to provide information for hiring foreign individuals in Peru, which comprises a general background of Peruvian employment, tax and immigration law and other relevant issues. It reflects regulations and practice as of January 2017. This document is not intended to be a comprehensive and exhaustive study of Peruvian regulations, but should be used as a guide for hiring foreign workers, and for foreign individuals to prepare for their assignment in Peru. We should advise you against making any decisions without first seeking professional advice, as laws and interpretations in Peru are still, to some extent, subject to relatively frequent changes without much prior notice. Employment Matters 1. Overview The legal framework applicable for hiring foreign workers comprises the following regulations: Legislative Decree No. 689 Foreign Worker Hiring Act (hereinafter LCPE) Supreme Decree No. 014-92-TR Regulation on contracting Foreign Workers Legislative Decree No. 1246 Legislative Decree approving several administrative simplification measures (DLSA) Supreme Decree No. 003-97-TR Approves compilation of Legislative Decree No. 728 Labor Productivity and Competitiveness Law (hereinafter LCPL) and subsequent modifications. Legislative Decree No. 1350 Immigration Law As a general rule, hiring foreign workers is subject to limitations regarding the number of workers and the total amount of their compensation, as compared to domestic workers: General Rule number of workers The total number of foreign workers cannot exceed 20% of the total number of personnel. limitative percentages amount of their The salary of foreign individuals cannot exceed 30% of compensation the total payroll amount. Nevertheless, an employer is entitled to request for an exemption of the limitative percentages under the following scenarios: Exemption for not applying the limitative percentages If the foreign If the foreign If the foreign worker is to provide worker’s employer worker is If the foreign services as teacher is awarded with Other cases a qualified worker is to be in a foreign college a contract with determined by a professional or hired in managing or school, or at a the peruvian supreme decree. technical staff. position. language-teaching government. institution. Employment agreements with foreign workers can be signed for a period not exceeding of 3 years, subject to renewal. The labor agreement shall be approved by the Peruvian Labor Ministry. It should be noted that the approval of the labor agreement does not entitle a foreign individual to provide services for Peruvian if the applicable migratory status has not been previously obtained. 2. Exemptions Personnel included in the table below are not considered in the limitations for hiring foreign workers, and their labor agreements are not subject to prior approval by the Peruvian Labor Ministry. However, their labor agreement should be informed to the Peruvian Labor Authorities, for information purposes: Tax Unit: a referential amount used for tax purposes (for fiscal year 2017, each tax unit is equivalent to PEN 4,050) Foreign Worker Conditions a. Foreigners with Peruvian relatives (spouse, ascendants, descendants and/or siblings). b. Foreigners holding an Immigrant Visa. c. Foreigners whose home country has a reciprocal or double nationality agreement with Peru. d. Personnel of foreign land, air or sea transportation entities, with foreign flag and registration. Exempted e. Foreign personnel working for multinational service organizations or multinational banks, which would be subject to special rules. f. Foreign personnel working in Peru under the provisions of bilateral or multilateral agreements signed with the Peruvian Government. g. Foreign investors, provided it has a permanent investments of no less than 5 Tax Units1 . h. Artists, athletes and performers acting in a public show, for a maximum period of 3 months per year. As part of section “c” in the table above, the following cases are included: Exemption Countries Treaty Spain Double Nationality Agreement signed between Peru and Spain Andean Community Decision No. 545: Bolivia, Ecuador, Colombia Andean Immigration Act A worker whose origin (“Instrumento Andino de Migración Laboral”) country has a reciprocity or double nationality agreement Brazil, Chile, Paraguay, Mercosur Treaty Uruguay Argentina Peru – Argentina Treaty 1 Tax Unit: a referential amount used for tax purposes (for fiscal year 2017, each tax unit is equivalent to PEN 4,050) Foreigners under the said conditions would be considered as Peruvian workers for labor purposes, and therefore, not subject to the limitations of the LCPE. However, they are not exempted of obtaining the relevant immigration status to reside in Peru. Please find below a summary of foreign worker hiring options and conditions: Type Of Labor Paperwork Countries Regulation Period Agreement Requirements Spain LCPL -Indefinite - Indefinite term In writing, and subject to -Fixed term agreement registration at the Labor - Fixed term agreement Ministry. Bolivia, Decision 545, -Indefinite - Indefinite term In writing, and subject to Ecuador, R.M. N° 318-2010- -Fixed term agreement registration at the Labor Colombia TR, LPCL - Fixed term agreement Ministry’s systems (“SIVITMA”, in Spanish). Argentina, LPCL -Indefinite - Indefinite term In writing, and subject to Brazil, -Fixed term agreement registration at the Labor Chile, - Fixed term agreement Ministry. Paraguay, Uruguay Other LCPE Fixed term, - Fixed term agreement In writing, and subject to Countries for up to 3 approval by the Labor years, Ministry. renewable Immigration Matters The Peruvian Immigration Superintendence (hereinafter, the “Immigration Office”), is the authority responsible for enforcing the domestic immigration policies within the scope of its legal competence and under the local regulatory framework and international treaties, stimulating full integration of foreign immigrants into Peruvian society. In other specific cases, the authority in charge to grant certain immigration statuses is the Peruvian Ministry of Foreign Affairs. The newly issued immigration regulations, pursuant to Legislative Decree No. 1350 – Immigration Act, to be effective from March 01, 2017, rules two types of applicable immigration statuses: Temporary and Resident. Immigration Status Status Description Temporary Entitles a foreigner to enter and stay in the country for a period of time not exceeding 1 year. Resident Entitles a foreigner to enter the country and remain as resident in Peru for a period of 1 year, subject to renewal. A. Type of visas Resident visas are granted for a 1 year period, subject to renewal. Once granted, the foreigner will receive a Resident Card, which will be his/her legal ID in Peru. 1. Temporary visas The visa types described in the new Immigration Act that entitle foreign workers to carry out subordinated and/or independent activities, are the following: Denomination Visa Term Directed To Entity Artistic or 90 days A foreigner who will carry out paid or profit-making Immigration Office Sports activities relating to artistic, cultural, sports or other Not renewable similar shows. Up until 183 days 1. International Lecturers in official events. Foreign Affairs Special 2. Official delegates in non-profit sports competition. Ministry (Cases 1 Entitles a foreigner for one 3. Non-profit or philanthropic artists, athletes and to 4). single entry and renewable celebrities. Immigration Office for one time for the same 4. Foreigners staying in Peru for the interest of the (Case 5) period of time. Peruvian Government. 5. Oher situations not ruled in other immigration statuses. Temporary 90 days Training: Immigration Office Training / 1. Foreigners seeking to carry out activities relating to Research Entitles a foreigner for one elementary, middle or high education, or other occupations single entry and renewable for Institutions recognized by the Peruvian Government. for one time for the same 2. Foreigners that are part of foreign student exchange period of time. programs. 3. Pre-professional or Professional internships; and 4. Other training programs recognized in Peru. It does not entitle a foreigner to carry out paid or profit- making activities, except for those with special permits granted by the Immigration Office. Research: A foreigner with qualified knowledge and expertise in science, technology or innovation affairs, as well as in highly specialized education projects, executed by the Peruvian Science and Technology Authority. It authorizes a foreigner to carry out any income-earning activity, either independently or on a subordinated basis within the public or private sector. Business 183 days in a 365 days Allows a foreigner to carry out business, legal, commercial Foreign Affairs period or specialized technical assistance activities, among others. Ministry Not renewable Immigration Office (at the immigration gates at the airport) Worker/ 183 days Worker: Immigration Office Assigned 1. Foreigner who carry out income-earning activities Worker Renewable for the same independently or on a subordinated basis for a Peruvian period of time. public or private entity. 2. For cross-border workers, benefits applicable will be those stipulated in the relevant international treaties. 3. Employees of a transnational or international corporation deployed to Peru to work for an entity of the same economic group or holding to fulfill management or
Load more

Recommended publications
  • Inequality in Peru: Reality and Risks PHOTO: ANAIS CHAMPIN VIDAL
    WORKING PAPER PERU N° 1 / OCTOBER 2015 Inequality in Peru: Reality and Risks PHOTO: ANAIS CHAMPIN VIDAL The wave that came and went away Over the past decade Peru enjoyed ideal external Miracle’ since the economy soared with an annual conditions for economic growth, benefiting from average growth rate above 6.5% between 2005 a global process that lifted up the whole region and 2012. like a wave.1 2 3 It was referred to as the ‘Peruvian 1 Perry, Guillermo and Alejandro Forero (2014). ´Latin America: The day after. Is this time different?´. Center for Global Development. Washington D.C. 2 Mendoza, Waldo (2013). ‘Milagro peruano: ¿buena suerte o buenas políticas?’ (´Peruvian Miracle: good luck or good policies? ’). In: Economía. Vol. XXXVI, No 72, July-December 2013. Pontificia Universidad Católica del Perú. Lima. 3 Stiglich Watson, Andrea and Carlos Ganoza Durant (2015). El Perú está calato: el falso milagro de la economía peruana y las trampas que amenazan nuestro progreso’ (‘Peru is naked: the false miracle of Peruvian economy and the traps that threaten our progress´). Planeta. Lima. 2 • INEQUALITY IN PERU: REALITY AND RISKS The happy years of Peru’s economic growth During the last decade, our economy grew continuously, tripling its value. $6,594 $2,037 Per capita Gross Domestic Product (US$ dollars) 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Source: World Bank - Prepared by Oxfam During the boom, the country experienced reduced, and basic services coverage was socioeconomic progress: economic growth extended.6 7 generated a tax bonanza that helped the State increase public investment and expand social As a result, a triumphalist vision was linked to programs, which improved living conditions of a growth model mainly based on commodity the population.
    [Show full text]
  • Land Values, Property Rights, and Home Ownership: Implications for Property Taxation in Peru Working Paper WP17ZH1
    Land Values, Property Rights, and Home Ownership: Implications for Property Taxation in Peru Working Paper WP17ZH1 Zackary Hawley Texas Christian University Juan José Miranda World Bank W. Charles Sawyer Texas Christian University May 2017 The findings and conclusions of this Working Paper reflect the views of the author(s) and have not been subject to a detailed review by the staff of the Lincoln Institute of Land Policy. Contact the Lincoln Institute with questions or requests for permission to reprint this paper. [email protected] © 2017 Lincoln Institute of Land Policy Abstract This research studies land values and the associated property tax implications of formal property rights, informal property rights, and squatting. Using the Peruvian Living Standards Measurement Survey data from 2007 to 2012, the research provides estimates of the land value and property tax losses associated with property rights and squatting. We use a hedonic model to obtain these estimates which are then used to provide the implied value of property taxes that are not being collected as a result of informal property rights. The policy implications of the results suggest improved methods for property right assignment that would led to enhanced property tax collections that may lead to funds for the provision of infrastructure in the affected communities. Keywords: Property rights, Squatting, Property taxation, Hedonic price function. About the Authors Zackary Hawley is an assistant professor of economics at Texas Christian University. His scholarship focuses on urban and regional economic issues, public finance, and experimental economics. Within these fields some of his research has examined racial discrimination in housing markets, shortage in organ donation, migration implications of state merit aid scholarships, and social interaction and urban density.
    [Show full text]
  • Jamaica in the Tourism Global Value Chain
    Jamaica in the Tourism Global Value Chain April 2018 Prepared by Karina Fernandez-Stark and Penny Bamber Contributing researcher: Vivian Couto, Jack Daly and Danny Hamrick Duke Global Value Chains Center, Duke University Global Value Chains Center This research was prepared by the Duke University Global Value Chains Center on behalf of the Organization of American States (OAS). This study is part of the establishment of Small Business Development Centers in the Caribbean. The report is based on both primary and secondary information sources. In addition to interviews with firms operating in the sector and supporting institutions, the report draws on secondary research and information sources. The project report is available at www.gvcc.duke.edu. Acknowledgements The Duke University Global Value Chains Center would like to thank all of the interviewees, who gave generously of their time and expertise, as well as Renee Penco of the Organization of American States (OAS) for her extensive support. The Duke University Global Value Chain Center undertakes client-sponsored research that addresses economic and social development issues for governments, foundations and international organizations. We do this principally by utilizing the global value chain (GVC) framework, created by Founding Director Gary Gereffi, and supplemented by other analytical tools. As a university- based research center, we address clients’ real-world questions with transparency and rigor. www.gvcc.duke.edu. Duke Global Value Chain Center, Duke University © April 2018
    [Show full text]
  • Guidance Service for Air Passengers
    GUIDANCE SERVICE FOR AIR PASSENGERS This manual contains relevant information and recommendations for air passengers visiting Peru. Civil Aviation Authority of Peru GUIDANCE SERVICE FOR AIR PA S S E N G E R S BEFORE TRAVELING The airline ticket formalizes the contract between the passenger and the airline. The airline must provide the conditions of transport to the passengers. It is important that passengers read and know those conditions of transportation as they establish the terms of the air transport service. Transportation terms are generally available on the airline's website. At the time of purchasing your ticket consider, at least, the following information so that you can choose the type of flight that suits you best so you can carry out your trip according to your needs: availability of flights (nonstop flights, flights with stopovers but no change of aircraft, flights operated by another airline) rates, itineraries, schedules, aircraft model, conditions, restrictions, reservations, cancellations, refunds and data about the quantity and weight of the baggage. Low fare tickets, in general, are subject to certain restrictive conditions that you should know about (impossibility of changes, no refund of the ticket amount, etc.) and they are of limited availability, as established by the airline. Therefore, it is important that before buying the ticket you should find out the conditions of this service in detail. Prior to the start of your trip, it is recommended that you confirm your flight reservation at least 48 hours before your scheduled flight begins or as directed by the airline. We recommend that you arrive at the airport 3 hours before an international flight and 2 hours before a domestic flight so that upon submission of the air ticket and your travel documents (Passport), a boarding pass is given to you.
    [Show full text]
  • The Persistence of Poverty in Peru: Possible Answers, Their Limits, and Their Implications for Latin America
    PRO-POOR ECONOMIC GROWTH RESEARCH STUDIES CONTRACT NO. PCE-I-02-00-00015-00 The Persistence of Poverty in Peru: Possible Answers, their Limits, and their Implications for Latin America Deliverable 1: Research and Results Dissemination Plan and Time Line Deliverable 2: Website Deliverable 3: Pro-Poor Economic Growth: A Review of Recent Literature Deliverable 4: Poverty-Problem Countries Typologies Deliverable 5: Selection Criteria for Pro-Poor Economic Growth Policies Deliverable 6: Preliminary Policy Recommendations Deliverable 7: Poverty Reduction Strategy Papers: A Preliminary Analysis of the Process and Outputs Deliverable 8: Meeting: Presentation of Phase One Results Deliverable 9: Workshop: Phase One Results, Preliminary Findings, and Planned Research Deliverable 10: Poverty, Economic Growth, and Development Policies and Activities: A Case Study of: ▪ Brazil ▪ Egypt ▪ Indonesia ▪ Peru ▪ Uganda ▪ Ukraine ▪ Zambia ▪ India or Sri Lanka Deliverable 11: Pro-Poor (Sector) Policies, Reforms and Activities ▪ Agriculture ▪ Education ▪ Finance Deliverable 12: Pro-Poor Economic Growth Policies, Reforms, and Activities Deliverable 13: Workshop: Research Findings and Implications for USAID Programming Deliverable 14: Pro-Poor Economic Growth and Poverty Reducing Policies, Reforms, and Activities (Guidance Manual) Deliverable 15: Workshop: Final Findings and Presentation of Guidance Manual Deliverable 16: Dissemination of Findings of Guidance Manual Deliverable 17: Final Project Report Deliverable 18: Issues Papers on: ▪ Conflict and Post-Conflict Recovery ▪ The Environment ▪ Gender ▪ Health ▪ HIV/AIDS ▪ Privatization The Persistence of Poverty in Peru: Possible Answers, their Limits, and their Implications for Latin America by John Sheahan January 2003 The Pro-Poor Economic Growth Research Studies and Guidance Manual Activity, implemented by Development Alternatives, Inc. and Boston Institute for Developing Economies, is funded by the Bureau for Economic Growth, Agriculture, and Trade, U.S.
    [Show full text]
  • VAT/GST and Other Indirect Taxes Foreign Company in the RUC
    Americas indirect tax country guide 87 Peru General Types of indirect taxes (VAT/GST and other General sales tax or impuesto general a las indirect taxes) ventas (IGV). Municipal promotion tax or impuesto de promoción municipal (IPM). Are there other indirect taxes? Selective consumption tax (ISC): an excise tax, which that either on a proportional or an ad valorem basis to the sale and import of certain goods as fuels, cigarettes, beer, liquor, soft drinks, etc. What are the standard or other rates The standard rate of VAT is 16%. Nevertheless, the (i.e. reduced rate) for VAT/GST and 2% IPM is charged together with VAT. This amounts other indirect taxes? to a total indirect taxation of 18%. ISC is applied under three systems: — specific, which involves a fixed amount in local currency for each unit — at the value, a percentage of the sale price — the sale price, a percentage of the suggested retail price. ISC rates vary depending on the goods subject to it and the system applied. Zero-rated operations — Exports of goods and services. — VAT exempt operations (no input VAT deduction on related costs). — The goods and services listed in appendices I and II of the IGV Law are tax exempt until 31 December 2015. Appendix I In general, the sale or import of livestock, fresh vegetables, cereals, phosphates, fertilizers, etc. © 2016 KPMG International Cooperative (“KPMG International”). KPMG International provides no client services and is a Swiss entity with which the independent member firms of the KPMG network are affiliated. © 2016 KPMG International Cooperative (“KPMG International”).
    [Show full text]
  • Peru's Oil & Gas Investment Guide
    Peru’s oil & gas investment guide 2014 / 2015 contacts oil & gas leaders Paulo Pantigoso David De La Torre Juan Paredes Deputy Managing Partner Tax Assurance Tel: +51 1 411 4418 Tel: +51 1 411 4471 Tel: +51 1 411 4410 [email protected] [email protected] [email protected] Jorge Acosta Beatriz De La Vega Renato Urdaneta Advisory Tax Advisory Tel: +51 1 411 4437 Tel: +51 1 411 4482 Tel: +51 1 411 4438 [email protected] [email protected] [email protected] Victor Burga Enrique Oliveros Marco Antonio Zaldívar Assurance Transactions & Corporate Finance Assurance Tel: +51 1 411 4419 Tel: +51 1 411 4417 Tel: +51 1 411 4450 [email protected] [email protected] [email protected] EY Peru B Peru's oil & gas investment guide Oil and gas companies have many countries to choose from when deciding where to About this expend their exploration and development budgets. The factors taken into account in their investment decision-making process oil & gas and the weight placed on each of them varies from company to company. As a generalization, however, those nations which investment offer a prospective geology, reasonable tax terms, acceptable legislation and political stability have the best potential to attract guide long-term investments into the exploration and development of new oil wells. This oil and gas investment guide has been structured to help investors broadly evaluate Peru’s oil and gas sector investment conditions.
    [Show full text]
  • Doing Business in Peru
    DOING BUSINESS IN PERU INTRODUCTION PERU: BUSINESS OPPORTUNITY FOR FOREIGN INVESTORS Due to their continued macroeconomic stability, Peru is as a natural destination for foreign investors in the mining, oil, agribusiness, fishing, construction, electrical, financial, chemical - pharmaceutical, tourism, among others economic sectors. Indeed, in late 2013, Peru's GDP rose by 6%, reflecting the country's optimum economic growth. Thus, following this positive economic trend, it is expected that the GDP of Peru in 2014 reaches 4,1% despite the global economic crisis. The Central Bank of Reserve calculates GDP in $ 176.7 billion. Thus, the Peruvian economy completed 10 years of continuous growth at rates above the Latin American average. The level of international reserves amounts to US$ 57.7 billion, equivalent to more than one year of imports and 2 times the foreign public debt stock. This is one of the highest liquidity levels both of the region and worldwide, and represents a support for the international obligations that Peru would need to fulfill in the event of possible contingent scenarios including a damaged foreign environment and international financing restrictions. Our legislation has a proper legal framework for foreign investment as non- discriminatory treatment, absence of exchange controls, convertibility of currencies, stable tax regime and free remittance of profits abroad (upon payment of withholding tax on dividends of 4.1%). In this regard, we invite you to explore investment opportunities in our country. Our professional team will advise you throughout the process to establish a subsidiary, branch or permanent establishment in the country, obtain the appropriate permits and comply with tax, labor and administrative obligations in order to conduct your business properly, obtaining the maximum benefit.
    [Show full text]
  • Doing Business in Peru 2020 Mining Chapter Foreword
    www.pwc.pe Doing Business in Peru 2020 Mining Chapter Foreword Peru remains as one of the most stable and promising economies in the region. In fact, the country’s resilience allowed it to achieve a 2.5% growth in 2019, and it is expected that 2020 will see a recovery of growth, despite the country’s vulnerability to external shocks such as a decline in commodity prices or changes in international financial conditions. This stability is possible because, over the years, different Peruvian governments have carried out several reforms to improve business climate, promote foreign investment and boost the country’s competitiveness. Peru has experienced constant growth in its Gross Domestic Product Orlando Marchesi (GDP) for the past few years, driven mainly by the production and Country Senior Partner export of commodities. However, due to the international volatile PwC Peru context, such as the trade war between China and the United States, and the social outbreak the region has experienced in the last months, Peru’s growth rate has decelerated, as occurred in most of the neighboring countries and other emerging economies. Doing business in Peru contains the most recent, reliable and detailed information on the major macroeconomic, tax, corporate, labor and social security matters about Peru. We are confident that the content of this publication will be helpful for both investors who wish to participate in our market and business leaders already present, who need to be up-to-date on the most relevant regulatory changes in order to conduct a successful business in Peru. PwC has 95 years of uninterrupted presence in Peru, and significant experience providing business advisory as well as tax and audit services through its multidisciplinary teams, assisting organizations to accomplish their business goals.
    [Show full text]
  • Peru's Oil & Gas Investment Guide
    Peru’s oil & gas investment guide 2014 / 2015 contacts oil & gas leaders Paulo Pantigoso David De La Torre Juan Paredes Deputy Managing Partner Tax Assurance Tel: +51 1 411 4418 Tel: +51 1 411 4471 Tel: +51 1 411 4410 [email protected] [email protected] [email protected] Jorge Acosta Beatriz De La Vega Renato Urdaneta Advisory Tax Advisory Tel: +51 1 411 4437 Tel: +51 1 411 4482 Tel: +51 1 411 4438 [email protected] [email protected] [email protected] Victor Burga Enrique Oliveros Marco Antonio Zaldívar Assurance Transactions & Corporate Finance Assurance Tel: +51 1 411 4419 Tel: +51 1 411 4417 Tel: +51 1 411 4450 [email protected] [email protected] [email protected] EY Peru B Peru's oil & gas investment guide Oil and gas companies have many countries to choose from when deciding where to About this expend their exploration and development budgets. The factors taken into account in their investment decision-making process oil & gas and the weight placed on each of them varies from company to company. As a generalization, however, those nations which investment offer a prospective geology, reasonable tax terms, acceptable legislation and political stability have the best potential to attract guide long-term investments into the exploration and development of new oil wells. This oil and gas investment guide has been structured to help investors broadly evaluate Peru’s oil and gas sector investment conditions.
    [Show full text]
  • Guide to Investing in Infrastructure Projects in Peru 2020/2021 for a Comfortable Interactive Experience, Adobe Acrobat App Is Recommended
    Guide to Investing in Infrastructure Projects in Peru 2020/2021 For a comfortable interactive experience, Adobe Acrobat app is recommended 2 Infrastructure Investment This publication may not be Edited by: reproduced, distributed or disclosed Ministerio de Relaciones Exteriores in whole or in Guidepart, by any means, Jirón Lampa 545, Cercado de Lima including photocopying, recording, Phone number204-2400 or other electronic or mechanical Ernst & Young Consultores S. Civil de R.L devices, without2020/2021 the prior written Publishing trademark: EY authorization of the publisher. Av. Víctor Andrés Belaunde 171, © All rights reserved Urb. El Rosario – San Isidro Lima, Peru © EY © Ernst & Young First digital edition - September 2020 Available on Author(s): www.gob.pe/institucion/rree/ Collective work colecciones/146-guias-de-negocios-e- ProInversión is a sponsor for inversion and www.ey.com this publication Legal Deposit made at Photos: ProInversión, EY, the National Library Shutterstock and iStock. N° 2020-05628 ISBN: 978-612-48348-0-6 Design and layout: Carlos Aspiros 3 EY PERU OFFICES EY INFRASTRUCTURE TEAM Lima • Manuel Rivera Av. Jorge Basadre 330 Tax Infrastructure Leader San Isidro - Lima [email protected] Phone: +51 1 411 7331 Phone: +51 1 411 4444 • Juan José Cárdenas Av. Víctor Andrés EY Law Projects and Infrastructure Leader Belaunde 171 [email protected] San Isidro - Lima Phone: +51 1 411 3047 Phone: +51 1 411 4444 • Enrique Oliveros Arequipa Strategy and Transactions Lead Partner Head of Investment Banking EY Latam North Region Av. Bolognesi 407 [email protected] Yanahuara - Arequipa Phone: +51 1 411 4417 Phone: +51 54 484 470 • Mauro Ugaz Chiclayo People Advisory Services Partner Av.
    [Show full text]
  • 2001 Income and Capital Tax Convention and Final Protocol (English Translation) Signed Date: June 8, 2001
    2001 Income and Capital Tax Convention and Final Protocol (English Translation) Signed date: June 8, 2001 In force date: July 23, 2003 Effective date: January 1, 2004. See Article 29. Status: In Force This convention has been amended by a protocol signed June 25, 2002. The text as amended is also available. CONVENTION BETWEEN THE REPUBLIC OF CHILE AND THE REPUBLIC OF PERU CONCERNING AVOIDANCE OF DOUBLE TAXATION AND PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME AND CAPITAL [TRANSLATION] The Government of the Republic of Chile and the Government of the Republic of Peru, desiring to conclude a Convention concerning avoidance of double taxation and prevention of fiscal evasion with regards to tax on income and capital, have agreed as follows: Chapter I. Scope of Application of the Convention Article 1 Personal Scope This Convention shall apply to persons who are residents of one or both of the Contracting States. Article 2 Taxes Covered 1. This Convention shall apply to Taxes on income and capital imposed on behalf of a Contracting State, irrespective of the manner in which they are levied. 2. There shall be regarded as Taxes on income and capital all taxes imposed on total income or capital or on any elements of the same, including Taxes on gains from the alienation of movable or immovable property, taxes on total wages and salaries paid by the enterprises as well as taxes on capital appreciation. 3. The existing taxes to which this Convention shall apply are in particular: (a) in Peru: the taxes set forth in the “Ley de Impuesto a la Renta” ([Peruvian] Income Tax Act), and the Extraordinary Solidarity Tax levied on income from the independent and individual exercise of a profession; (b) in Chile: the taxes set forth in the “Ley de Impuesto a la Renta” ([Chilean] Income Tax Act).
    [Show full text]