Tax News Update    Email this document    Print this document  

January 20, 2021

New regulations outline financial information banks must report to Peruvian tax authority

The regulations detail what financial information must be reported.

In regulations (Supreme Decree 430-2020-EF, released December 31, 2020), the Peruvian tax authority outlined what financial information banks must report to the tax authority, including:

-    Account balances and/or accumulated amounts or averages of PEN 10,000 or more (approximately USD 2,857)

-    The type of account

-    Information on the account holder (name, ID number, address, place of incorporation (for companies))

-    The type of currency in the account

-    The account holder's Tax ID

The regulations are effective as of January 1, 2021. Now that the regulations are effective, banks must begin reporting the requisite information monthly.


Contact Information
For additional information concerning this Alert, please contact:
Ernst & Young Asesores S.C.R.L, Lima
   • Roberto Cores (
   • Ramón Bueno-Tizón (
Latin American Business Center, New York
   • Ana Mingramm (
   • Pablo Wejcman (
   • Enrique Perez Grovas (