OrbitaxOrbitax

Peru Introduces Advance Income Tax Payment Requirements on Gains from the Sale of Securities by Individuals

|Approved Changes|Peru
Peru

Peru published Legislative Decree No. 1624 in the Official Gazette on 4 August 2024, which introduces new requirements for resident individuals, undivided successions, and marital partnerships to make advance payments on account of tax on income (gains) from the disposal (sale) of securities. The advance payments are equal to 5% on the gain (income minus the computable cost and losses), with t…

Continue Reading