25 August 2016 Peruvian Tax Authority requires resident trustees to report foreign trust information On July 24, 2016, the Peruvian Tax Authority published, in the Official Gazette, Resolution 177-2016 (the Resolution), which requires resident trustees to file an informative return to report foreign trust information. Any individual or entity who qualifies as a resident trustee must submit the return. According to the Resolution, any Peruvian individual or entity carrying out management, transaction or monitoring activities or controling the economic or financial management of a foreign trust qualifies as a trustee. The report must be submitted by current resident trustees on or before December 31, 2016, as well those who become trustees on or after January 1, 2017. Such report must be submitted within the first 12 business days of the month following the month in which the individual or entity becomes a trustee.
Document ID: 2016-1453 | |||||||||||||||||||||
