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Learn morePeru: Changes to APA rules and introduction of new valuation methods
Changes to the transfer pricing regime effective January 1, 2025
Amendments to the income tax law (DL 1662 and 1663) published on September 24, 2024, introduce the following changes to the transfer pricing regime effective January 1, 2025:
- “Rollback” of bilateral advance pricing agreements (APAs), allowing the terms agreed upon in a bilateral APA to be applied to periods prior to the conclusion date of the agreement
- New valuation methods for valuing shares and other assets:
- Discounted cash flows (DCF) (cannot be used to value shares representing small percentage of company (i.e., less than 5%) or in a company with revenues less than 1,700 UIT)
- Multiples
- Equity participation value
- Appraisal
- Multiperiod excess earnings method (MEEM) (for valuing assets other than shares)
Read a September 2024 report prepared by the KPMG member firm in Peru
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