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Peruvian President ratifies Convention to Harmonize the Double Tax Treaties of Pacific Alliance

03 November 2022

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Tax Alerts, Legislation & Policy, Na...

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Chile, Colombia, Mexico, Peru

The Peruvian President has ratified the Convention to Harmonize the Double Tax Treaties of the Pacific Alliance countries.On 29 October 2022, the Peruvian President enacted Supreme Decree 050-2022, ratifying the Convention to Harmonize the Double Tax Treaties of the Pacific Alliance countries (the Convention).BackgroundOn 14 October 2017, Chile, Colombia, Mexico and Peru signed the Convention that will harmonize the tax treatment of pension funds under the Double Tax Treaties of the Pacific Alliance.On 5 October 2022, the Peruvian Congress enacted Legislative Resolution 31580 approving the Convention. For information on the approval of the Convention and the main provisions harmonized under...