The National Superintendency of Customs and Tax Administration (Sunat), in October of this year, detected andl Tax non-compliance in international operations valued at more than S/5,000 million.
Thus, in order to address these irregularities, it began its participation in the Tax Inspectors Without Borders Programa joint initiative of the Organization for Economic Cooperation and Development (OECD) and the United Nations Development Program (UNDP). This mechanism will allow the entity to exchange experiences with the most advanced tax administrations in the world.
To date, information has been received from more than 50 countries, involving operations valued at more than US$300,000 million.
In this way, this exchange will help and increase the evaluation capabilities of those tax plans that involve international operations and improve their capabilities for detecting tax non-compliance, which are linked to large transnational operations through their inspection procedures.
In detail, in the Peru, the use of the information obtained will be optimized, especially in the evaluation of the data generated from the Country by Country Reports, which are presented to Sunat, and those received from other jurisdictions in the world.
It should be noted that this initiative was created in 2015 and aims to generate spaces where countries strengthen their capacities in international taxation, through the application of best practices in the supervision of cross-border operations to multinational groups or other complex cases of avoidance and/or evasion of Business Income Tax.
In addition, it seeks the identification, analysis and evaluation of tax compliance risks associated with cross-border and intragroup operations, as well as complex special cases of evasion or avoidance in the Income Tax applicable to companies.
For its execution, expert auditors from Her Majesty’s Revenue and Customs Service will be deployed. United Kingdom and the Tax Administration Service of Mexicowho will work in collaboration with Peruvian officials to improve the procedures related to the processing of data contained in the Country by Country Report and its integration into the tax compliance risk management model, which defines the inspection actions that are initiated in Peru.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
