On 25 October 2017, Peru signed the Multilateral Convention on Mutual Administrative Assistance.
In March 2018, the official launch of the ‘program of implementation of the recommendations of the Public governance study’ was carried out. The aforementioned program aims to make progress in efficiency and effectiveness in public management, decentralisation, multilevel governance, open government, citizen participation, and accountability.
On 3 May 2018, the executive branch requested the Congress to delegate legislative faculties to legislate on tax and financial matters.
On 2 July 2018, the Peruvian Congress delegated law-making powers to the executive branch on tax and financial matters. The main tax rules introduced were related to the following:
- Permanent establishment (PE).
- Deduction of financial expenses.
- Indirect disposal of shares.
- Accrual of income and expenses.
- Final beneficiary rules.
- Excise tax.
- Operations between related parties.