Key Findings
Peru’s Phase 1 review demonstrates their high level of commitment to the international standard for transparency and exchange of information for tax purposes with all elements found to be in place. Peru has a solid legal and regulatory framework ensuring that ownership and accounting information ownership is available for all relevant entities. Peru has sufficient access powers and the right balance has been struck between rights and safeguards and accessing information. Nevertheless, Peru should clarify the scope of attorney-client privilege to ensure that it is in line with the international standard. Peru’s network of information exchange mechanisms extends to 11 jurisdictions including all relevant partners. However, Peru is recommended to ensure the expeditious ratification of all of its EOI agreements. Peru’s response to the recommendations in this report, as well as the application of the legal framework to the practices of its competent authority will be considered in detail in the next review of Peru which is scheduled for the second half of 2018. For further information on the exchange of information practice of Peru and to read the full report click here.