Peru - Tax treatment of financial instruments
- R.A. Villagra Cayamana
- Derivatives & Financial Instruments, 2009 (Volume 11), No 3
- 1 June 2009
In 2007, Peru introduced specific legislation regarding the tax treatment of financial derivates. This article presents a general description of some of the key features of the tax treatment of financial instruments, highlighting the amendments introduced by Law 29306. The focus here is particularly on the sourcing rule and the so-called efficacy ratio.