A new Legislative Decree amends the Peruvian Income Tax Law with regard to the valuation methods applicable to the transfer of securities between related parties. The Peruvian Government has enacted Legislative Decree 1663, amending the Income Tax Law with regard to valuation methods that apply to transfers of securities between related parties.BackgroundPeruvian legislation establishes a set of rules governing the fair market value (FMV) of securities transferred in a non-related-parties scenario. According to this set of rules, the FMV would be the higher of the transaction value or the value determined according to any of the following methods:Quotation value — when...