APPROVES THE AGREEMENT BETWEEN THE REPUBLIC OF PERU AND THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND TO ELIMINATE DOUBLE TAXATION
El Congreso de la República ha aprobado el The Congress of the Republic has approved the Agreement between the Republic of Peru and the United Kingdom of Great Britain and Northern to eliminate double taxation on income taxes and capital gains, as well as to prevent tax evasion and tax avoidance, which has been communicated to the President of the Republic for its enactment.
Subsequently, the Executive Branch must ratify the treaty and both Contracting States must notify each other through diplomatic channels. Once these steps are completed, the Agreement will enter into force thirty days after the last notification, and its provisions will apply as of January 1 of the following calendar year, which could be as soon as January 1, 2026.
The authorities of Peru and the United Kingdom must review the provisions of the Agreement to ensure its proper application in their operations, as this agreement is expected to promote cross-border trade and investment, providing certainty and long-term stability and strengthening the bilateral relationship between both countries.
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