Peru has published Resolution 000044-2021/SUNAT of 30 March 2021 in the Official Gazette. The Resolution notes that the default interest rate for outstanding tax debts denominated in Peruvian sol (PEN) was reduced to 1.0% per month with effect from 1 April 2020, following a reduction in the reference rate by the Central Reserve Bank of Peru in response to COVID-19. Given that the Central Reserve Bank has again reduced the reference rate, the Resolution provides that a further reduction in the default interest rate is necessary in order to remain within limits established by the Tax Code. As such, the...