Introduction
The SUNAT (Superintendencia Nacional de Aduanas y Administración Tributaria – National Superintendence of Customs and Tax Administration) has issued a new resolution that establishes an alternative means to the physical format for the beneficial ownership declaration of legal entities, as well as the modification of the deadline to file such declaration. This measure seeks to facilitate compliance with tax obligations and improve transparency to identify beneficial owners.
Alternative Means for the Beneficial Ownership Declaration
The new SUNAT resolution allows the format containing the beneficial owner information to be filed in a digitally signed electronic document, which includes using alternative mechanisms to reliably identify the beneficial owners, especially subjects supervised by the SMV (Superintendencia del Mercado de Valores – Superintendence of the Securities Market) or the Superintendence of Banking, Insurance, and AFP (Administradoras de Fondos de Pensiones – Pension Fund Administrators).
Filing Deadline Modification
In order to extend the time for legal entities to comply with their obligations, SUNAT has decided to postpone the filing deadline for the beneficial ownership declaration. The new deadlines are according to the due dates established for compliance with other tax obligations corresponding to June 2024.
Importance of Beneficial Owner Identification
Accurate and transparent identification of beneficial owners is crucial to prevent money laundering and tax evasion. The implementation of these new e-means and the extension of deadlines are measures that seek to improve efficiency in the management of this information and ensure compliance with current regulations.
Call to Action
Is your company prepared to comply with the new SUNAT regulations on the beneficial ownership declaration? At TPC Group, we offer expert advice to ensure your company is under all tax regulations. Please contact us today for a free consultation and find out how we can assist you in streamlining your beneficial ownership reporting process.
Source: National Superintendence of Customs and Tax Administration (SUNAT). (2023). Superintendence Resolution N° 000236-2023/SUNAT.
