Peru Tax Authority publishes new High Risk Schemes under GAAR

The Peruvian Tax Authority has published an updated version of the list of high-risk schemes for tax planning that could be challenged under the Peruvian General Anti-Avoidance Rule (GAAR).

The updated list contains the five initial situations and eight new situations that are considered high-risk.

Taxpayers engaging in the respective transactions could be subject to challenge under Peru’s GAAR.