Which companies are required to file the Informative Affidavit, Master Report, and Country-by-Country Report in October.

Master Report

1. Taxpayers who are part of a group,
2. whose income earned during the 2022 period exceeded 20,000 UIT (S/ 92,000,000), and
3. who have carried out transactions falling within the scope of transfer pricing rules, with a transaction amount equal to or greater than 400 UIT (S/ 1,840,000).

Country-by-Country Report

It must be filed with the Tax Administration when the consolidated revenue of the Multinational Group exceeds 750 million euros or 2,700 million soles in the immediately preceding fiscal year. For the 2022 fiscal year, the consolidated revenue for the 2021 fiscal year will be used as a reference.

Additionally, certain conditions must be met to file the Country-by-Country Report

Where:

• GMN: Multinational Group
• CBCR: Country-by-Country Report, and
• TII: International Treaty or Decision of the Andean Community Commission.
• AII: Agreement between competent authorities for the exchange of the Country-by-Country Report.

You can also review the exchange arrangements in place among all jurisdictions, including Peru, at the following link provided by the OECD:

http://www.oecd.org/tax/beps/country-by-country-exchange-relationships.htm 

Deadline Schedule

Fines and Penalties

If a taxpayer is required to comply with this requirement but fails to do so, or submits incomplete or false information, the taxpayer is subject to a fine equal to 0.6% of the taxpayer’s income (up to a maximum of 25 UIT).