The guidelines establish that taxpayers do not have to prove that payments for the indirect transfer of shares were made through the Peruvian banking system if certain conditions are met.In Ruling 4-2022-SUNAT/7T0000 (issued 10 January 2022), the Peruvian Tax Authority established guidelines for when taxpayers must use the Peruvian banking system to pay for indirect transfers of shares.Background Law 28194 requires taxpayers to use the Peruvian banking system for payments over US$1,000. A taxpayer that does not use the Peruvian banking system to make payments generally cannot treat those payments as deductible expenses or as cost basis for tax purposes....