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Peru & Japan sign agreement to avoid double taxation, prevent tax evasion

Photo: Twitter RR.EE.

09:28 | Lima, Nov. 19.

Peru's Foreign Affairs Minister Gustavo Meza-Cuadra and Japan's Ambassador to Peru Sadayuki Tsuchiya have signed the "Convention between Japan and The Republic of Peru for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance."

The objective of this agreement is to establish mechanisms aimed at avoiding double taxation on income taxes, in addition to constituting an instrument for the tax administration system to face more effectively international tax evasion and avoidance.

In this sense, the covenant aims to create a favorable investment environment between both nations, thus strengthening transparency and the fight against corruption.

The aforementioned agreement was signed as part of the commemoration of the 120 years of Japanese immigration to Peru and the 50th anniversary of the Peruvian-Japanese Chamber of Commerce and Industry.

The two countries also rely on an Agreement between Japan and Peru for the Promotion, Protection and Liberalisation of Investment since 2009, as well as on an Economic Partnership Agreement since 2012.

Japan ranks 15th among the nations with the highest investments in Peru, mainly in the mining sector.

As is known, both countries maintain excellent bilateral relations.

Perú y Japón suscriben convenio para evitar la doble imposición y prevenir la evasión fiscal, en el marco de los 120 años de inmigración japonesa al Perú. Dicho acuerdo refuerza la sólida base jurídica existente entre ambos países y atraerá mayor inversión, en beneficio del Perú. pic.twitter.com/zKPeIUqZls
— Cancillería Perú???? (@CancilleriaPeru) 19 de noviembre de 2019

Perú y Japón suscriben convenio para evitar la doble tributación y prevenir la evasión fiscal.
?https://t.co/TbAzFRMQi6 pic.twitter.com/YWbiOSxhpJ
— Cancillería Perú???? (@CancilleriaPeru) 19 de noviembre de 2019