The Peru tax authority (SUNAT) has published Report No. 116-2019-SUNAT/7T0000 concerning the application of the country's general anti-avoidance rule (GAAR). Peru's GAAR was introduced in 2012 by Legislative Decree No. 1121 but was effectively suspended by Law No. 30230 on 12 July 2014, pending the introduction of further regulations for the GAAR's application. Such regulations for the GAAR's application were issued through Supreme Decree No. 145-2019-EF, which entered into force on 7 May 2019. The Report clarifies that although the application of the GAAR by the tax authority was suspended, the validity of the GAAR was not. With Supreme Decree...