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HMRC internal manual

Double Taxation Relief Manual

HM Revenue & Customs
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Peru: Underlying Tax

(1) Documents needed to support the underlying tax claim

The accounts showing the profits used to pay the dividend and the company tax declaration (Declaración Jurada Anual del Impuesto a la Renta) showing the tax payable on these profits will be required by the Underlying Tax Group.

(2) Reserves

Where net profit exceeds 7% of the paid up capital, relevant profits are reduced by transfers of 10% of the annual net profit to a legal reserve until that reserve is equal to 20% of the subscribed capital.