Transfer pricing

“The assistance of a firm with subject matter experts, such as Grant Thornton, is key to guarantee a solid tax strategy.”

Tax
+51 1615 6864
comercial@pe.gt.com

According to tax regulations, it is mandatory to present the Informative Sworn Declaration of Transfer Pricing in June. Similarly, the Transfer Pricing Study (EPT in Spanish) should be attached as appropriate.

Regarding the sworn declaration, the companies obliged to present it are the ones that make transactions with related parties for more than S/. 200,000 (including transactions from, to or through countries or territories with low taxation or tax havens), and/or transfer their assets to their related parties and/or from, to or through countries or territories with low taxation or tax havens, whose market value is lower than the tax basis. In regards to the obligation of the company to present the Transfer Pricing Study,
this will be applicable if the earned income is over six million Peruvian Soles (S/ 6´000,000)
and the amount of the transactions between related parties is over one million Peruvian
Soles (S/ 1´000,000) and/or the company transfers assets to its related parties from, to
or through countries or territories with low taxation or tax havens, whose market value is
lower than the tax basis.

In that sense, if you choose to hire our professional services, we will commit to support you with the preparation of the Informative Sworn Declaration, in which the amount and nature of the transactions will be recorded, as well as with the preparation of the Transfer Pricing Study.

Without prejudice to the noted formal obligations, it will be important for the companies to know
the market value of their transactions between related parties before the due date of the
Annual Sworn Declaration of the Income Tax (end of March – early April of next year) and
avoid later adjustments that affect the estimate.

In order to avoid setbacks and facilitate the adjustment knowledge in advance, we recommend to work with financial statements with a close record date (even if not audited), so an estimated result can be obtained and planning the financial and tax treatment of the transactions of the intra-group of the period can be planned.

Our services include:

  • transfer pricing planning and strategy
  • transfer pricing study preparation
  • transfer pricing risk evaluation
  • method selection for transfer pricing fixing
  • preparation of supporting documents and sworn declarations to be
    presented before Peruvian tax authorities
  • price range study of specific transactions.

Nominees LEADING FIRM is Transfer Pricing within the International Tax Review (ITR) 2015, 2016 and 2017

ITR 2017  TP latam  TP Peru  Precios de transferencia2  Precios de transferencia1