The Peru tax authority (SUNAT) has published Report No. 200-2019-SUNAT/7T0000 concerning the treatment of the extra deduction incentive provided for research and development (R&D) under Law No. 30309 ({News-2019-11-13/A/3-previous coverage}) for taxpayers that have generated a tax loss including expenses incurred for a qualifying R&D project. First, it is clarified that where a tax loss is generated, the extra deduction for qualifying R&D expenses is not excluded from the loss amount. Second, it is clarified that although extra deduction incentive is scheduled to expire at the end of 2022, this does not impact the taxpayers right to carry forward losses...