Tax treatment of financial instruments

Journal
Villagra Cayamana, R.A.
Peru
Finance and Capital Markets (formerly Derivatives & Financial Instruments) 2009 (Volume 11), No. 3
FormatPDF
EUR
45
| USD
50 (VAT excl.)

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.