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Peru and United Kingdom conclude negotiations on Double Tax Treaty

22 May 2024

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Tax Alerts, Legislation & Policy, National/Federal Taxation, Treaties

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Peru, United Kingdom

According to a Press Release published by the Communications Office of the Ministry of Economy and Finance on 17 May 2024, Peru and United Kingdom (UK) have completed the negotiation of their Double Tax Treaty (DTT).BackgroundIn December 2019, Peru and UK initiated their DTT negotiations. Following discussion over the course of several years between His Majesty's Revenue and Customs of UK and the Ministry of Economy and Finance of Peru, both economies have announced the finalization of the negotiation of DTT.It should be noted that both countries anticipate signing the DTT in the coming months. Once the DTT is signed,...