On 20 March 2020, the Peruvian Tax Authority published Resolution 059-2020 (the Resolution), establishing the procedure taxpayers interested in claiming the indirect foreign tax credit must follow to communicate certain information to the tax authority. The Resolution is effective 21 March 2020.BackgroundOn 1 January 2019, Peru amended its Income Tax Law to include an indirect foreign tax credit. A Peruvian entity receiving foreign income as dividends or profits from nonresident entities may deduct:The income tax withheld from the dividends or profits distributed (direct credit)andThe income tax paid by the first-tier nonresident entity (i.e., the entity in which the Peruvian entity is...