Peru Tax Agency Clarifies Tax Treatment of Resident Foreign-Source Income (Corrected)

The Peruvian National Superintendency of Customs and Tax Administration Dec. 2 clarified the tax treatment of foreign source income earned by residents. The clarification explained that: 1) foreign-source net income is taxed at a progressive rate of 8, 14, 17, 20, or 30 percent; and 2) net income from the sale of foreign securities is taxed at a flat rate of 6.25 percent. [Peru, National Superintendency of Customs and Tax Administration, 12/02/19]

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