As {News-2018-09-21/A/4-previously reported}, Peru expanded its thin capitalization rules through Legislative Decree 1424 so that the rules apply for both related and unrelated party debt until 31 December 2020 (currently, just related), after which the rules are replaced with a 30% of EBITDA restriction. As part of a transition, interest on debt agreed to or modified/renewed up to 13 September 2018 (enactment date of the Decree) will not be subject to the expanded thin cap rules.