The Peruvian Congress has recently approved Peru's adherence to the Multilateral Instrument (MLI), a key development that will align the country's existing tax treaty network with the OECD's standards on base erosion and profit shifting (BEPS).While this marks a significant step toward modernizing Peru's international tax framework, the MLI provisions will only take effect once ratified by the Executive Branch and communicated to the OECD.The final ratification process is pending, and the implementation timeline will depend on these subsequent steps. On 13 March 2025, the Peruvian Congress approved the initiative ratifying the country's adherence to the MLI, established by the Organisation...