Introduction
Transfer Pricing regulations in Peru are crucial for companies carrying out related party transactions. Compliance with this regulation is significant not only to avoid penalties but also to ensure a correct income statement before SUNAT. Below is a detailed analysis of the key dates and essential requirements.
Key Dates for the Informative Affidavit of Transfer Pricing – Local Report
The deadline schedule for filing the Informative Affidavit on Transfer Pricing – Local Report (through Virtual Form 3560) in Peru is determined by the last RUC (Registro Único Tributario – Taxpayer Identification Number). Here is a summary of the most important dates:
- Last digit 0: June 18, 2024.
- Last digit 1: June 19, 2024
- Last digits 2 and 3: June 20, 2024
- Last digits 4 and 5: June 21, 2024
- Last digits 6 and 7: June 24, 2024
- Last digits 8 and 9: June 25, 2024
- Good contributors and UESP: June 26, 2024
These dates are crucial to ensure compliance and avoid possible SUNAT penalties.
Transfer Pricing Impact on Businesses
Proper compliance with Transfer Pricing regulations has multiple benefits for companies:
- Tax Risk Mitigation: Complying with the regulations avoids penalties and fines by SUNAT.
- Resource Optimization: It ensures transactions are at market value, which can optimize the company’s financial resources and reduce its tax burden.
- Risk Management: By documenting and justifying Transfer Pricing, the risk of adjustments affecting business operations and continuity is reduced.
- Transparency and Control: It facilitates transparency in intercompany transactions and improves internal control.
Contact Us Today
At TPC Group, we are experts in Transfer Pricing advisory in Peru. Our professional team is waiting to assist you in complying with all regulations and ensuring your company is always compliant.
Do not let Transfer Pricing be a worry. Contact us to receive customized advice and keep your company compliant with tax regulations.
