Peru has published Legislative Decree No. 1537, which relaxes the reporting requirements in relation to the "sixth method" for transfer pricing involving goods (commodities) with established market prices. The application of the sixth method includes the requirement for taxpayers to report on their import and export operations involving goods with a known price in the international market, local market, or destination market, or with prices that are set by reference to the prices of the indicated markets. The reporting is made in the form of an affidavit that must contain the contract and/or details of the transaction, such as the...